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Lara Started a Self-Employed Consulting Business in the Last Part

question 28

Essay

Lara started a self-employed consulting business in the last part of the year and earned $60,000 of self- employment income.She had been employed as manager in a consulting firm prior to starting her own business and had earned $175,000.
(a)What is Lara's Additional Medicare Tax for 2016,if any?
(b)What is Lara's deduction for AGI for the Additional Medicare Tax?


Definitions:

Authoritarian Parents

Parents who impose strict rules and expectations, demanding obedience from their children with little negotiation possible and often employing punitive measures.

Low Self-Esteem

A condition characterized by a lack of confidence and feeling undeserving of respect or a positive self-view.

Obedient

The quality of willingly complying with orders, requests, or laws.

Uninvolved

A parenting or caregiving style characterized by a low level of responsiveness and communication, combined with limited emotional involvement or supervision.

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