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Fear can result in
Self-Employment Tax
Self-Employment Tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves.
Self-Employment Income
Earnings derived from one's own business, professional practice, or freelance work, subject to tax and self-employment contributions.
Adjusted Basis
The value of an asset for tax purposes, calculated by modifying its original cost by factors such as depreciation or improvements.
Accumulated Depreciation
The total depreciation expense charged against an asset over its useful life.
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