Question: Thomas is single and a self-employed architect. During 2016, Thomas's income from his business is $144,000. He also pays $2,200 for a medical insurance policy.
a. How should the medical insurance policy payment be reflected on his 2016 tax return?
b. What is his 2016 self-employment tax deduction?
c. Assume that Thomas' income from his business is $228,000. What is his 2016 self-employment tax deduction?
d. Assume the same facts as in part a, except that Thomas is married, his wife's salary is $30,000, and they are covered by a medical policy from her employer.
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