need help with part b

Billy Jowis and earns approximately $70 on April 1, 2020, to a number of children in the neig Billy comes to you for advice on how he should report this supplementary teaching income and may be entitled to claim a portion of the costs of his home. wants to pay no more than he has to. From discussions with friends, he understands that he what expenses are deductibleBilly does not mind paying high firishase of income taxes, but he His home is approximately 2,000 square feet in size. The den is approximately 200 square feet Since he was not using the den in his home, he decided to use it for this supplementary teaching, From April 1, 2020, to December 31, 2020, Billy earned $5,700 in music fees. He has chosen December 31 as his year end and has incurred the following costs since April 1: Purchase Of Music Books Supplies (Paper, Pens, Etc.) Tuxedo For Students' Performances Snacks For Students (Cookies, Pretzels, Candies, Milk, Etc.) Utilities For Home (Heat, Light, And Water) Mortgage Interest Paid Repairs And Maintenance For Home Software Program To Assist In Teaching Music Electric Piano And Bench Total $ 250 1,000 350 250 3,500 11,000 2,600 300 5,000 $24,250 Billy is currently using the software program on an old computer that he uses mainly to watch YouTube videos. He is considering the purchase of a new computer solely for teaching purposes if the teaching generates enough income. Required: A. Briefly explain when expenses for a work space in the home are deductible. B. Based on the information given, compute the minimum net business income or loss that Billy should report in his 2020 personal income tax return