25. Which of the following statements regarding deductions for home office expenses is true? a. Deductions may be taken if the home office is used for the taxpayer's main business and all other requirements are met. b. Deductions may be taken if the home office is used regularly for meeting clients or customers in the normal course of the taxpayer's business and all other requirements are met. Deductions may be claimed if the taxpayer merely performs administrative or management tasks related to his business in the home office and all other requirements are met. d. All above are true. None of the above is true. c. e. 26. K exclusively uses a portion of his bedroom as a place to manage his small stock portfolio. He charts his stocks daily. Costs allocable to the home office are $1,600. Gross income from his investments is $800, while his A.G.I., including the investment income, is $40,000. The amount K may deduct is: $1,600 from A.G.I. b $800 for A.G.I. $400 for A.G.I. d. $800 from A.G.I. $0. a c. e. 27. J.B., a self-employed taxpayer, acquired a car this year and uses the standard mileage method to compute her deduction for automobile expenses. For 2021 J.B. drove 50,000 miles: 40,000 for business and 10,000 for personal purposes. Other expenses related to the car that she has brought to her tax advisor's attention include insurance of $400, parking on business calls of $50, and business tolls of $1,200. What is J.B.'s deduction for automobile expenses? $24,650 b. $21,800 $23,650 d. $24,050 $22,400 a. c. e. a. _28. L flew from Chicago to Miami for a business meeting. The meeting lasted three days, and she stayed in Miami for two additional days to enjoy the sunshine and visit. With respect to the plane fare for the trip, L should prorate the plane fare based on time devoted to business and personal activities and deduct the business portion. b. divide the plane fare equally between business and personal activities and deduct the business portion. deduct the entire plane fare. d. deduct none of the plane fare. none of the above. c. e