28. Maggie lost her job in the current year 2014. She paid the expenses of owning her home, interest on the mortgage, and property taxes out of savings. Her tax return shows negative taxable income of $20,000. How should this loss be treated? (net operating losses)

26. Anne is a self employed restaurant critic who does her work exclusively from a home office. Anne's income is $25,000 before the home office deduction this year.Her office takes up 200 square feet of her 1000 square foot apartment. The total expenses for her apartment are $6000 for rent, $1000 for utilities $200 for renters insurance and $800 for pest control and other maintenance. What is Anne's home office deduction? PLEASE show your calculations

5. Kevin owns a retaill store, and during the current year he purchased $600,000 worth of inventory. Kevin's beginning inventory was $65,000 and his ending inventory is $75,000. During the year, Kevin withdrew $15,000 in inventory for his personal. Use part 3 of Schedule C (Cost of Goods) to calculate kevin cost of goods sold for the year.

chris is a self employed sales consultant who spend significant time entertaining potential customers. She keeps all of the appropriate records to substantiate her entertainment. She has the following expenses in the current year.

Restaurant meals $5000

Greens fees (all business) $500

Tickets to baseball games $500

Country club dues (all business use) $6000

what is the tax deductible entertainment expense Grace may claim in the current year on which tax form should she claim the deduction?