Multiple Choice
One of the tax advantages of being self-employed (rather than being an employee) is:
A) The self-employment tax is lower than the Social Security tax.
B) The cutback adjustment does not apply.
C) Job-related expenses are deductions for AGI.
D) The actual cost method for deducting the business use of an automobile can be selected.
E) A deduction for an office in the home is available.
Correct Answer:
Verified
Correct Answer:
Verified
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