Number: 27 of 100 Note:If you skip any of the questions when you click on the 'View Summary' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 27 Jack operates an accounting practice out of the spare bedroom in his 8-room house. This room is Jack's principal place of business and it is used exclusively for business purposes. Last year, Jack paid $600 for home insurance, $1,400 in utilities, $2,400 in property tax, $5,600 in mortgage principal and $8,900 in mortgage interest. He does not claim capital cost allowance. How much can Jack deduct as a business-use- of-home expense? O a) $250.00 O b) $550.00 O c) $1,662.50 O d) $2,362.50 Previous Question Next Question View Summary