Question
Johnny Jobul is self employed and runs his business from his home. He has $200,000 in business income in 2019. During the current year, he
Johnny Jobul is self employed and runs his business from his home. He has $200,000 in business income in 2019. During the current year, he has the following costs:
Utilities- $500; Maintenance- $500; Property taxes- $200; Interest on Mortgage- $6000; Repainting and rewiring the work space in home-$910
His home office is 380 square feet. His house is 1000 square feet total. Determine the maximum work space in home deduction that would be available to Mr. Jobul.
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Auditing And Systems Exam Questions And Explanations
Authors: Ph.D. Gleim, Irvin N., Ph.D. Hillison, William A., Grady M. Irwin
17th Edition
1581949278, 978-1581949278
