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

question 27

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:

Ancestral Past

Refers to historical or evolutionary antecedents of modern humans, impacting genetics, behavior, and societal structures.

Freud's Emphasis

Centers on the role of unconscious processes and childhood experiences in shaping personality and behavior.

Sexuality

The capacity for sexual feelings and their expression, as well as an individual's sexual orientation, preferences, and identity.

Childhood Experiences

Events and influences that occur during childhood, significantly shaping an individual's personality, behavior, and life choices.

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