Examlex

Solved

Lara Started a Self- Employed Consulting Business in the Last

question 1606

Essay

Lara started a self- employed consulting business in the last part of the year and earned $60,000 of self- employment earnings. She had been employed as manager in a consulting firm prior to starting her own busines had earned $175,000.
a. What is Lara's Additional Medicare Tax for 2018, if any?
b. What is Lara's deduction for AGI for the Additional Medicare Tax?


Definitions:

Great Britain

A landmass situated in the North Atlantic Ocean, near the northwest edge of mainland Europe, consisting of England, Scotland, and Wales.

Seventeenth Century

The century that spans from the year 1601 to 1700, a period marked by significant developments in science, art, and politics in Europe and around the world.

Slavery And Freedom

The contrasting concepts where slavery involves the condition of being owned by and forced to work for another, and freedom refers to the state of being free from such constraints or bondage.

Laws And Customs

The collective legal rules and cultural practices that govern behavior and establish societal norms within a community or country.

Related Questions