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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 net self- employment income.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 2013,if any?
(b)What is Lara's deduction for AGI for the Additional Medicare Tax?


Definitions:

Philippe Pinel

A French physician renowned for his humanitarian approach to the care of mental patients in the late 18th and early 19th centuries.

Dorothea Dix

An American activist who significantly contributed to the changes in the treatment and perception of patients with mental illness in the 19th century.

Mental Health Professional

A trained expert who provides services for the purpose of improving an individual's mental health or to treat mental illness.

Hopelessness

A feeling or state in which an individual believes that no positive outcomes can occur and that they have no control over aspects of their life.

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