30) Gail is a self-employed travel agent who uses 15% of her rented home regularly and exclusively as her business office. For the current year, her Schedule C net income before any home office deduction is $4,000. Total rent paid on her home for the year is $24,000. Utilities for the year total $5,000 and renter s insurance for the home is $600. What is Gail's home office deduction for the current year?

a. $2,960

b. $3,600

c. $4,00

d. $4,350

e. $4,400

31) A taxpayer who does not file a tax return is protected by a seven-year statute of limitations. TRUE or FALSE