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Problem 8- 10 points Ashley just graduated college with a Bachelors Degree in accounting. She has been offered a staff accountant position at DML, LLP

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Problem 8- 10 points Ashley just graduated college with a Bachelors Degree in accounting. She has been offered a staff accountant position at DML, LLP (a very prestigious San Francisco accounting firm) a year. She has also been offered a consulting position at KPMG, hours to be determined Ashley is trying to determine what option she should take. Some pertinent information: Both positions would require travel. She owns her own car, and her home (her grandparents had gifted it to her) FMV on date of gift was $750K and her grandparents cost was $250K. She has a home office which is approximately 10% of the home. She is also considering taking a night class to obtain her law degree costs per quarter $10K. Ashley also tutors piano on the weekend and has a room in her home which she uses for this purpose. What potential tax consequences should Ashley take into consideration? Problem 8- 10 points Ashley just graduated college with a Bachelors Degree in accounting. She has been offered a staff accountant position at DML, LLP (a very prestigious San Francisco accounting firm) a year. She has also been offered a consulting position at KPMG, hours to be determined Ashley is trying to determine what option she should take. Some pertinent information: Both positions would require travel. She owns her own car, and her home (her grandparents had gifted it to her) FMV on date of gift was $750K and her grandparents cost was $250K. She has a home office which is approximately 10% of the home. She is also considering taking a night class to obtain her law degree costs per quarter $10K. Ashley also tutors piano on the weekend and has a room in her home which she uses for this purpose. What potential tax consequences should Ashley take into consideration

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