Jayda, who is self-employed, maintains an office in ner home that comprises 22% (340 square feet) of total floor space. Gross income for her business is $49,400, and her residence expenses are as follows: Real property taxes $4,860 Interest on mortgage 8, 100 Operating expenses 4,050 Depreciation (based on 22% business use) 635 If required, round your final answer to the nearest dollar. Question Content Area a. What is Jayda's office in the home deduction based on

Jayda, who is self-employed, maintains an office in ner home that comprises 22% (340 square feet) of total floor space. Gross income for her business is $49,400, and her residence expenses are as follows: Real property taxes $4,860 Interest on mortgage 8, 100 Operating expenses 4,050 Depreciation (based on 22% business use) 635 If required, round your final answer to the nearest dollar. Question Content Area a. What is Jayda's office in the home deduction based on

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 59P

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