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,if any?
b.What is Lara's deduction for AGI for the Additional Medicare Tax?
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Correct Answer:
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b.There is no deduc...View Answer
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