Jayda, who is self-employed, maintains an office in her home that comprises 18% (270 square feet)...

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Jayda, who is self-employed, maintains an office in her home that comprises 18% (270 square feet) of total floor space. Gross income for her business is $56,150, and her residence expenses are as follows: Real property taxes Interest on mortgage Operating expenses Depreciation (based on 18% business use) $3,420 5,700 2,850 6,995 If required, round your final answer to the nearest dollar. a. What is Jayda's office in the home deduction based on the regular method? b. What is Jayda's office in the home deduction based on the simplified method? Jayda, who is self-employed, maintains an office in her home that comprises 18% (270 square feet) of total floor space. Gross income for her business is $56,150, and her residence expenses are as follows: Real property taxes Interest on mortgage Operating expenses Depreciation (based on 18% business use) $3,420 5,700 2,850 6,995 If required, round your final answer to the nearest dollar. a. What is Jayda's office in the home deduction based on the regular method? b. What is Jayda's office in the home deduction based on the simplified method?

Answer rating: 100% (QA)

Step 12 Based on the regular method Home Deduction Real Prop... View the full answer