Ellen Uses the Head of Household Filing Status and Has

question 65

Essay

Ellen uses the head of household filing status and has a dependent daughter. Ellen has self-employment income of $310,000 as an architect and $10,000 of self-employment losses from a jewelry making business.
a. What is Ellen's 0.9% additional Medicare tax for 2014?
b. Is Ellen allowed to deduct a portion of this with her other Medicare taxes as an adjustment for AGI on the front page of her income tax return?

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Definitions:

Neurotransmitters

Chemical messengers that transmit signals across synapses from one neuron to another in the nervous system.

Monoamine Neurotransmitters

Chemical messengers in the brain that include serotonin, dopamine, and norepinephrine, involved in regulating mood, arousal, and emotion.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a key role in muscle movement and cognitive functions.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in the body's fight-or-flight response.