Brice Is a Single,self-Employed Electrician Who Earns $60,000 Per Year

Brice is a single,self-employed electrician who earns $60,000 per year in self-employment income.Brice paid the following expenses this year.Which of the expenses are deductible for AGI? 1.The cost of health insurance
2) The employer portion of self-employment tax paid
3) Penalty on early withdrawal of funds from a certificate of deposit

A) Numbers 1 and 2 only.
B) Numbers 1 and 3 only.
C) Numbers 2 and 3 only.
D) None of these is deductible for AGI.
E) All of these are deductible for AGI

Correct Answer:

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