Question
During the current year, Janice Teason has the following costs: Utility Costs For Home $3,200 Maintenance And Repairs For Home 3,800 Property Taxes For Home
During the current year, Janice Teason has the following costs:
Utility Costs For Home | $3,200 |
---|---|
Maintenance And Repairs For Home | 3,800 |
Property Taxes For Home | 6,400 |
House Insurance | 1,800 |
Interest On Mortgage | 6,200 |
Home Telephone: | |
Monthly Charge | 480 |
Personal Long Distance Charges | 275 |
Employment/Business Related Long Distance Charges | 780 |
Home Internet Service Fees | 675 |
Ms. Teason estimates that she uses 30 percent of her residence and 40 percent of her home phone and home internet service 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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