8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Leaning Overall home office deduction limitation: $ Home office deduction under simplified method: $ 53. PR.03-24 Problem...

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8/28/2019<br>CengageNOWv2 | Online teaching and learning resource from Cengage Leaning<br>Overall home office deduction limitation: $<br>Home office deduction under simplified method: $<br>53. PR.03-24<br>Problem 3-24<br>Office in the Home (LO 3.11)<br>Ann is a self-employed restaurant critic who does her work exclusively from a home office. Ann's income is $25,000<br>before the home office deduction this year. Her office takes up 200 square feet of her 1,000-square-foot apartment. The<br>total expenses for her apartment are $6,000 for rent, $1,000 for utilities, $200 for renter's insurance, and $800 for pest<br>control and other maintenance.<br>What is Ann's home office deduction?<br>$<br>

Extracted text: 8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Leaning Overall home office deduction limitation: $ Home office deduction under simplified method: $ 53. PR.03-24 Problem 3-24 Office in the Home (LO 3.11) Ann is a self-employed restaurant critic who does her work exclusively from a home office. Ann's income is $25,000 before the home office deduction this year. Her office takes up 200 square feet of her 1,000-square-foot apartment. The total expenses for her apartment are $6,000 for rent, $1,000 for utilities, $200 for renter's insurance, and $800 for pest control and other maintenance. What is Ann's home office deduction? $

Jun 02, 2022

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8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Leaning Overall home office deduction limitation: $ Home office deduction under simplified method: $ 53. PR.03-24 Problem...

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