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6 points Save Answer A single taxpayer owns a sole proprietorship which she operates out of her home office (400 square feet of office space
6 points Save Answer A single taxpayer owns a sole proprietorship which she operates out of her home office (400 square feet of office space in the 2,000 square feet total home). She meets with clients in this space which is exclusively used for her business. Her business income is $25,000 and her expenses, other than home office expenses, total $15,000. She had the following home-related expenses in total: insurance of $3,000, utilities of $2,000, and property taxes of $3,500. What is the taxpayer's home office deduction for the current year using (a) the actual expense method and (b) the simplified method? Please place answer on first line below, indicated as Answer: (a) S (b) $ O WORDS POWERED BY TINY For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial TT 10pt PR X 5 FAAC 197
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