1) You rent a studio apartment and use a particular section of the apartment regularly and exclusively to run your drop shipping business.Thetotal square footage you use to run your business is 30 square feet in area and you wish to use the standard deduction.Is this a deductible expense?

2) You have a room in your home that 50 square feet. You occasionally use the computer in the room to answer business-related emails, but normally the room is used by other family members. The room represents 15% of your entire home square feet.Can you deduct the 15% of your mortgage, your utilities, and your home owner's insurance premium using the home office credit?

3) Since your small business courts clients from all over the country, you and your partners spend a lot of money on airfare. You decide to get a business credit card from American Express with frequent flyer benefits.Unfortunately, last month you were assessed $250 in interest payments. Is this deductible?

4) You purchase off-the-shelf software product in April 2020 and begin using it the same day.The software is a special edition, business classsocial mediamonitoring software from Radian 6 Technologies and is priced at $30,000.Is this a deductible expense in 2020?How much is immediately deductible?

5) Your business has purchased a new economy vehicle for business travel.You use the vehicle to travel 20 miles to a temporary job site that will be active for 4 months and wish to use the vehicle to take to the standard mileage exemption of .58 cents.Is this a deductible expense?

6) A former college friend is in town for the weekend and the two of you go to a bar to watch a football game. You exchange stories about your different jobs and you ask for career advice.Is you bar tab of $27.50 a deductible expense?

7) A new client requests that you meet him at his office to discuss a business-related matter.You leave your home in the morning and drive 15 miles, straight to his office, for a meeting.Is you mileage deductible?

8) You are the CEO of a growing business, and you're thinking about taking your company public.You travel to NYC to meet with an attorney who has expertise in taking privately owned businesses public. You stay in NYC for 3 days and meet with the attorney on the first day.On day 2 and 3 you spend $1,000 of meals and hotels.Are you meals and hotel expenses deductible on day 2 &3?

9) Your spouse accompanies you on a business trip to Dallas. Your spouse assists you with data-entry projects and drives the rental car so you can look over the briefs.Your spouse's meal expenses are $500 for the trip.Your spouse in not an employee of the company.Is the $500 deductible as a business expense?

10) You're attending a conference in Germany related to your auto parts business. You've made arrangements to spend 2 full weeks in Germany.The conference lasts 5 days and commences the day after you arrive.The conference ends and you meet privately (for business purposes) with 2 individuals whom you met at the conference. You meet with these individuals 1 at a time on 2 separate days during your final week.The total cost of your airfare was $1,200.You spent a total of $2,500 on destination costs during the conference and an additional $200 during the individual meetings.How much of these expenses can you write off?