Where would a sole proprietor deduct employer matching contributions to the owners retirement plan? a....

70.2K

Verified Solution

Question

Accounting

Where would a sole proprietor deduct employer matching contributions to the owners retirement plan?

a. Schedule 1 (form 1040) line 15, self employed SEP, SIMPLE, and qualified plans.

b.) Schedule C (form 1040) line 14, Employee benefit programs

c.)Schedule C (form 1040) line 19, Pension and profit sharing plans

d.) Schedule C (form 1040) line 27a other expenses

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!
Become a Member

Other questions asked by students