QUESTION 60 25 points Sove Gail is a self-employed travel agent who uses 15% of her rented home regularly and exclusively as her business office. For the current year, her Schedule C net income before any home office deduction is $4,000. Total rent paid on her home for the year is $24.000. Utilities for the year total 55,000 and renters insurance for the home is 5600. What is Gail's home office deduction for the current year? O $2,960 O $3,600 O $4,000 O $4,350 O $4,440 QUESTION 61 2.5 points San Antw Jay received the following fair market value amounts during the current year: Interest on Montgomery County bonds (used to build a bridge) 5100 Interest on U.S. Treasury notes 5200 Gain on sale of Montgomery County bonds 5300 Common stock dividend in IBM Corporation common stock (no cash option) 5400 What amount of taxable income should jay report from these amounts? O $200 O $300 O $400 O $500 O $1.000