Atlas Earned $17,300 from His Sole Proprietorship in 2020

question 83

Essay

Atlas earned $17,300 from his sole proprietorship in 2020. This was his only source of income. How much in self-employment taxes will Atlas be able to deduct?

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Definitions:

SIV Diversification

SIV Diversification refers to the process through which the Simian Immunodeficiency Virus (SIV) evolves and generates genetic variability among its populations.

Gene Coalesce

A concept in molecular genetics where different alleles at a gene locus in different lineages trace back to a single ancestral allele.

Allele Fixed

The situation in a population where all members carry the same allele of a particular gene, leading to the lack of genetic variation for that gene locus.