ben is employed as a carpenter and his wife, Marilyn is a self-employed consultant. besides...
70.2K
Verified Solution
Link Copied!
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.
Answer & Explanation
Solved by verified expert
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!
