Home office deduction limitation

Assignment Help Other Subject
Reference no: EM13673377

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 deduct

Reference no: EM13673377

Questions Cloud

Magnitude of the induced magnetic field at radial distances : An electric field is directed out of the page within a circular region of radius R= 3.00cm. The magnitude of the electric field is given with E= (0.500 V/m*s)(1-r/R)t, where t is in seconds and r is the radial distance (r is less than or equal to R).
Magnitude of maximum torque that such force could produce : A square, 0.66 m on a side, is mounted therefore that it can rotate about an axis that passes during the center of the square. The axis is perpendicular to the plane of the square. A force of 14.3 N lies in this plane and is applied to the square.
Discover the velocity of each ball as it strikes the ground : Two students are on a balcony a distance h above the street. One student throws a ball vertically downward at a speed v1; at the same time, the other student throws a ball vertically upward at the same speed.
Taxes are related to income : Taxes are related to income
Home office deduction limitation : Home office deduction limitation
Force of gravity acting on the block on the ramp : You have a block on a frictionless ramp θ=35 FT=150N Mass is 15.0 kg. What is the x component of the force of gravity acting on the block on the ramp? What is the acceleration of the block? Draw a force diagram for the block on the ramp
Arts appreciation discussion help : ARTs appreciation Discussion help
Velocity of wave-propagates along cylindrical aluminium wire : The density of aluminium is 2700 kg/m3. What is the velocity of a wave that propagates along a cylindrical aluminium wire that has a radius of 2.30 mm and is under a tension of 58.0 N?
Discover the effective force constant of the branch : A 0.45-kg crow lands on a slender branch and bobs up and down with a period of 1.1 s. An eagle flies up to the same branch, scaring the crow away, and lands. The eagle now bobs up and down with a period of 3.6 s.

Reviews

Write a Review

Other Subject Questions & Answers

  Logical-creative thinker’s approach to problem solving

Is there a difference between a logical thinker and a creative thinker’s approach to problem solving? Why or why not?

  Concepts of basic management topics to health care

What, if anything, is different about applying the concepts of basic management topics to health care organizations, as opposed to other types of organizations, e.g., McDonald's?

  Media played in promoting stereotyping of certain races

What role has the media played in promoting stereotyping of certain races? What are some of the stereotypes the media has portrayed?

  Did you think that psychology would be easier or harder

think about the perceptions you had about psychology before you began your formal college-level study of psychology.

  Discuss why domestic violence police discretion

Discuss why domestic violence police discretion could lead to a death. Also, what was learned from the 1984, results of the Minneapolis Domestic Violence Experiment? Now, do you feel all reports of domestic violence should result in an arrest? Why or..

  Cultural norms and universality

Can we assume when working with an individual from a diverse culture that all cultural norms apply universally to all people from that culture? Can we gain greater understanding of a client from a diverse culture if we practice the same technique

  Explain the key events and people of civil rights movement

Explain the key events and people of the civil rights movement include brown v. board of education 1954 montgomery bus boycott the march on washington civil rights act voting rights act and civil rights activities o thurgood marshall rosa parks an ma..

  Hearing the word rabbit may lead people to spell the spoken

Hearing the word "rabbit" may lead people to spell the spoken word "hair" as "h-a-r-e." This best illustrates the outcome of a process known as

  Explain how judges are nominated within this system

Arizona has a plural executive. Identify each of the constitutional officers included in Arizona's plural executive in order of succession, as well as the two positions not included in succession.

  Result of the loss of young adults due to AIDS

Which of the following would be a likely result of the loss of young adults due to AIDS in developing countries?

  Compare the performance of 6th graders

Mrs grant wishes to compare the performance of 6th graders with the national norm of 100 on a test.

  A rumor of war by philip caputo answer all of the

a rumor of war by philip caputo answer all of the questions below in complete detail using specific examples from the

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