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Exercise Six - 7 Subject: Work Space In The Home Costs During the current year, Jobul Krist has the following costs: Utilities $2,400 Maintenance And

Exercise Six - 7 Subject: Work Space In The Home Costs During the current year, Jobul Krist has the following costs: Utilities $2,400 Maintenance And Repairs 4,600 Property Taxes 5,200 House Insurance 2,300 Interest On Mortgage 7,800 Repainting And Rewiring The Work Space In The Home 1,000 Home Internet Service Fees 960 600 390 Home Telephone: Monthly Charge Employment/Business Related Long Distance Charges Mr. Krist is a workaholic with no family, friends, pets, or personal interests. He estimates that he uses 25 percent of his residence and 95 percent of his home phone and home internet service for employment/business related purposes. Maximum CCA on 100 percent of the house would be $12,000. Determine the maximum deduction that would be available to Mr. Krist assuming: A. He is an employee with $250,000 in income (no commissions). B. He is an employee with $250,000 in commission income. C. He is self-employed and earns $250,000 in business income

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