O is employed as a salesperson and spends most of the time working in her home office.
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Question:
O is employed as a salesperson and spends most of the time working in her home office. Her office occupies 20% of the total space in her home. She paid the following expenses in the current year:
Utilities $5,400;
House insurance $1,200;
Mortgage interest $11,000;
Property taxes $6,500;
Repairs & maintenance $2,100.
What is the maximum deduction from employment income for tax purposes available to O in the current year, assuming she received $60,000 of commission income?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date: