Jayda maintains an office in her home that comprises 8% (200 square feet) of total floor space.
Question:
Jayda maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,000, and her residence expenses are as follows:
What is Jayda’s office in the home deduction based on:
a. The Regular Method?
b. The Simplified Method?
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a Regular Method Home Deduction Real Prope...View the full answer
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DIPAK BHOYE
"I am a M.sc (organic chemistry) from NMU India and also a BSc graduate from The University of NMU, india.
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Related Book For 
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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