Julie is self employed maintains an office in her home used exclusively for business purpose. The size of her home is 2, 400 square feet. Her office is 300 square feet. Her business generators $50,000 of net income before any office expense deduction. She has the hollowing home office related expenses: Find the amount Julie can claim as a home office deduction. (Round to nearest dollar) a. $1, 413 b. $1, 938 c. $1, 125 d, $600 The difference between traditional and ROTH retirement plans is the timing of when the tax is paid; traditional plans p tax when withdrawn and ROTH plans contribute after-tax dollars. a. True b. False If a taxpayer has a marginal tax rate of 39.6% today and expects to have a marginal tax rate of 25% when they are age 59.5 which plan should you recommend (ignore potential earnings on the retirement plan)? a. Traditional IRA b. ROTH IRA Which of these taxpayers cannot take a 'For AGI deduction for employment related expenses? a. Self-employed person paying for job materials. b. Employee paying for a customers meal approved under an accountable plan. c. Owner paying for materials to repair a rental house. d. Employee using a vehicle to drive to and from client locations under a non-accountable plan