This test: 100 point(s) possible Test: Final Examination F2024 Question 1 of 8 This question: 10 point(s) possible Submit test June Senzel is employed in retail sales with a large department store. Because of the expertise in sports clothing that she has gained as an employee, she has decided to start an online sports clothing business to supplement her employment income. The business commences on January 20, 2024. On that date, Ms. Senzel purchased office furniture and display racks at a total cost of $16,000, a computer for $1,750, and software appropriate to her business activities for $845. She also has a separate telephone landline installed for dealing exclusively with the online business. The business operates out of Ms. Senzel's home, making exclusive use of 15% of the total livable floor space, including common areas. The business has a December 31 fiscal year-end. For the 2024 fiscal period, Ms. Senzel's mail order sales total $90,000. View the costs and expenses associated with mail order sales. View the information about Ms. Senzel's home. Read the requirements. Requirement A. Determine whether Ms. Senzel can deduct expenses for the work space in her home. Briefly explain your conclusion. O A. The use of the livable space in her home is her principal place of business. This means that she is able to deduct expertses for the work space in her home when determining her business income. O B. The use of the livable space in her home is not her principal place of business. This means that she is able to deduct expenses for the work space in her home when determining her business income. O C. The use of the livable space in her home is her principal place of business. This means that she is not able to deduct expenses for the work space in her home when determining her business income. O D. The use of the livable space in her home is not her principal place of business. This means that she is not able to deduct expenses for the work space in her home when determining her business income. Requirement B. Compute Ms. Senzel's minimum business income or loss for 2024. (Round your answer to the nearest whole dollar.) Revenues Cost of merchandise sold Packaging materials Shipping expenses Miscellaneous office supplies O Telephone Time Remaining: 02:57:48 NextCCT 4021 F24 (1) This test: 100 point(s) possible Test: Final Examination F2024