ben is employed as a carpenter and his wife, Marilyn is a self-employed consultant. besides...
70.2K
Verified Solution
Question
Accounting
ben is employed as a carpenter and his wife, Marilyn is a selfemployed consultant. besides Ben's salary, ben and Marilyn own a condominium that they only rent to tourists. This year they paid $ for utilities in the condo. Marilyn also paid selfemployment tax of $ and ben had $ of social security taxes withheld from his pay. which of the following is a true statement? Onehalf of Ben's social security is deductible for AGI. The cost of the utilities is deductible for AGI. None of Mailyn's self employment tax is deductible. Only the $ utility bill is deductible for AGI.
ben is employed as a carpenter and his wife, Marilyn is a selfemployed consultant. besides Ben's salary, ben and Marilyn own a condominium that they only rent to tourists. This year they paid $ for utilities in the condo. Marilyn also paid selfemployment tax of $ and ben had $ of social security taxes withheld from his pay. which of the following is a true statement?
Onehalf of Ben's social security is deductible for AGI.
The cost of the utilities is deductible for AGI.
None of Mailyn's self employment tax is deductible.
Only the $ utility bill is deductible for AGI.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.