Answered: expenses. This percentage is based on…

expenses. This percentage is based on the ratio of the office’s area to the area of the home. A taxpayer with a 2200-square-foot home maintains a 22-foot by 24-foot office. If the yearly

Traffic and Highway Engineering

5th Edition

ISBN:9781305156241

Author:Garber, Nicholas J.

Publisher:Garber, Nicholas J.

Chapter1: The Profession Of Transportation

Section: Chapter Questions

Problem 11P

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43. Taxpayers with an office in their home may deduct a percentage of their home-related expenses. This percentage is based on the ratio of the office’s area to the area of the home. A taxpayer with a 2200-square-foot home maintains a 22-foot by 24-foot office. If the yearly electricity bills for the home come to 4010, how much of this is deductible?

Express your answer in 2 decimal places.

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