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Lara Started a Self-Employed Consulting Business in the Last Part

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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 business and had earned $175,000.
(a)What is Lara's Additional Medicare Tax for 2017,if any?
(b)What is Lara's deduction for AGI for the Additional Medicare Tax?


Definitions:

Eclectic

Selecting or employing individual elements from a variety of sources, systems, or styles.

Transference Behaviors

In psychotherapy, the phenomenon where clients project feelings and attitudes from past relationships onto the therapist.

Thought Patterns

The habitual ways in which one tends to think or process information, which can influence behavior and emotions.

Psychoanalysis

A therapeutic technique and theory of psychological disorders, emphasizing unconscious conflicts and childhood experiences.

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