Which of the following statements is true for entity owners who pay the self-employment tax and the additional Medicare tax?

Which of the following statements is true for entity owners who pay the self-employment tax and the additional Medicare tax?

  • Both the self-employment tax and the additional Medicare tax are deductible for AGI in full.
  • Half of the self-employment tax and all of the additional Medicare tax are deductible for AGI.
  • Half of the self-employment tax and none of the additional Medicare tax are deductible for AGI.
  • None of the self-employment tax and none of the additional Medicare tax are deductible for AGI.

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