Question
During the current year, Janice Teason has the following costs: Utility Costs For Home$3,200 Maintenance And Repairs For Home3,800 Property Taxes For Home6,400 House Insurance1,800
During the current year, Janice Teason has the following costs:
Utility Costs For Home$3,200
Maintenance And Repairs For Home3,800
Property Taxes For Home6,400
House Insurance1,800
Interest On Mortgage6,200
Home Telephone:
Monthly Charge480
Personal Long Distance Charges275
Employment/Business Related Long Distance Charges780
Home Internet Service Fees675
Ms. Teason estimates that she uses 30 percent of her residence and 40 percent of her home phone and home internetservice for employment/business related purposes. Maximum CCA on 100 percent of the house would be $15,000.Determine the maximum deduction that would be available to Ms. Teason assuming:
She is self-employed and earns $80,000 in business income.
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