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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?
Observing Others
The practice of watching and learning from the actions, behaviors, and reactions of individuals or groups to gather insights or inform one's own behavior.
Law of Effect
A principle in psychology that suggests behaviors are more likely to be repeated when they result in positive outcomes, and less likely when they lead to negative outcomes.
Reconnaissance Team
A group tasked with gathering information by surveying an area, especially to assess the characteristics of a place or situation for military or strategic purposes.
Extra Effort
The additional energy, time, or resources expended beyond the usual or expected level to achieve a goal or improve performance.
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