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20000 Year

IMAGE
April 6, 2008 | Audrey Davidow, Special to The Times
IT was a nail-biter of a month. But at last the news is in: The idle chitchat, the intense speculation and competitive jockeying are over, and families throughout the Los Angeles area are either exulting in victory or wallowing in defeat. It's kindergarten acceptance time, the make-it or break-it moment when L.A.'s top private schools mail their acceptance and rejection letters, then conveniently take off on spring break to dodge the hysteria.
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NATIONAL
January 3, 2009 | Joanna Lin
Two decades ago, real estate mogul Randy Black turned this blip on the Arizona border into a boomtown when he opened the first of four casinos. Nearly 1 million visitors a year followed, and hotels, restaurants and stucco homes seemed to sprout from sand. "It seemed to be one of those things that 'Geez, it's just going great. It's never going to end,' " said Victor Kotalion, who left Las Vegas in 1990 for this arid patch off Interstate 15.
BUSINESS
April 4, 2011 | By Karen E. Klein
Dear Karen: I'm self-employed and make $20,000 a year. The tax lady calculated that I owe $1,600. Can this be right? Answer: Self-employment income is subject to both income tax and self-employment tax. Ordinary income can be reduced by standard deductions and exemptions, but income subject to self-employment tax cannot, said Donald Lucove, a CPA with Lucove, Say & Co. in Calabasas. "The self-employment tax is calculated using 92.35% of self-employment income at 15.3%," he said.
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