Calculate home office deduction limitation

Assignment Help Operation Management
Reference no: EM132102406

Randi qualifies for a home deduction. The amount of space devoted to business use is 400 square feet of the total 2,000 square feet of her home. Randi's mortgage interest and property taxes in total are $1,600. Other deductions properly allocated to the home office total $300. In addition, Randi purchases and uses supplies costing $200 during the year. Assume Randi earns income of $3,400 for the year before deducting any home office or supplies deduction.

Assuming Randi uses the simplified method, calculate his home office deduction limitation and his actual home office deduction (ignore self-employment taxes).

Home office deduction limitation:

$ Home office deduction: $

Reference no: EM132102406

Questions Cloud

The requirements of board of directors vary significantly : The requirements of a board of directors vary significantly by country and by state; Describe the four major responsibilities.
Research the concept of the virtual organization : Traditionally, the managerial function of controlling is not to be confused with control in the behavior or in the manipulative sense.
Photograph standing next to placenta used as lab specimen : Donna Barnes, a nursing student at a public nursing school in Pennsylvania, posed for a photograph standing next to a placenta used as a lab specimen.
What is meant by fair representation : What is meant by fair representation? Why are authentication and authorization important in e-commerce?
Calculate home office deduction limitation : Assuming Randi uses the simplified method, calculate his home office deduction limitation and his actual home office deduction
Appropriate to improve the overall health of employees : What wellness programs have you been involved in and what programs do you feel are appropriate to improve the overall health of employees?
How does training affect persons with disabilities : How does training affect persons with disabilities?
What are the risks and opportunities of the strategies : What are the risks and opportunities of the strategies followed by Pepsi? Of Coca-Cola?
Supply chain management in manufacturing industry : Article Analysis on the Importance of supply chain management in manufacturing industry

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd