​ Martin, a Single Individual, Has a Sole Proprietorship Business

question 109

Essay

​ Martin, a single individual, has a sole proprietorship business. For 2016, Martin's net income from this activity was $340,000.
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a. Given a FICA earnings limit of $118,500 for 2016, calculate and identify all of the payroll taxes Martin is subject to for 2016.​​b. Which taxes in (a), if any, may Martin deduct on his individual income tax return?​​
c. How would your answer to (a) change if Martin were instead an employee/owner of a C corporation with a salary of $340,000.​

Recognize the roles and specializations of healthcare professionals in ophthalmology.

Understand the medical terminology related to eye diseases, conditions, and treatments.

Describe the process and purpose of eye examinations and diagnostic tests.

Explain the principles and applications of surgical and non-surgical eye treatments.

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Definitions:

Sexual Orientation

An individual's pattern of emotional, romantic, or sexual attraction to others, which may include attraction to the same sex, opposite sex, both, or none.

Scientifically Accurate

Information or methodologies that are based on scientific research, evidence, and consensus among scientists.

Child Management

Pertains to the practices, strategies, and approaches used to direct or control the behavior and development of children, aiming for positive and constructive outcomes.

Positive Reinforcement

A concept in behavior psychology where the introduction of a stimulus following a desired behavior increases the likelihood of the behavior occurring again in the future.