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Tanya has earnings from self- employment of $240,000, resulting in self- employment tax of $22,350 and Additional Medicare Tax of $360. Due to these taxes, Tanya will be allowed a deduction for AGI of
Parent Company
A corporation that has control over one or more subsidiary companies, usually by owning a significant portion of their stock.
Fair Value
The predicted cost at which a property can be purchased or sold in a present deal between agreeable participants.
Equity Method
An accounting technique used to record investments in other companies, reflecting the owning company's proportionate share of the investee's profits.
Unrealized Gain Or Loss
Changes in the fair value of equity or debt securities for a period.
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