Ask Question
5 October, 06:39

The advantage of being self-employed (rather than being an employee) is: A. The overall limitation (50%) on meals does not apply. B. Job-related expenses are deductions for AGI. C. The self-employment tax is lower than the Social Security tax. D. To avoid the self-employment tax. E. All of the self-employment tax deductible for income tax purposes.

+2
Answers (1)
  1. 5 October, 07:40
    0
    B. Job-related expenses are deductions for AGI.

    Explanation:

    A person is said to be self-employed if he is working for oneself rather than for an employer as a freelancer or the owner of a business.

    Adjusted gross income (AGI) refers to the measure of income calculated from your gross income. AGI is used to determine the amount of tax.

    The advantage of being self-employed (rather than being an employee) is job-related expenses are deductions for AGI.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The advantage of being self-employed (rather than being an employee) is: A. The overall limitation (50%) on meals does not apply. B. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers