What are the total expenses deductible

Reference no: EM133412569

Question: Jonas Laliberte is a self-employed therapist. He meets with all of his clients in his 400 square foot home office. The entire house has a square footage of 2,400 square feet.

Greg incurred the following costs:

Utilities $1,600

House insurance 700

Business liability insurance 500

House maintenance 1,000

Mortgage interest 3,700

Property tax 1,100

Office supplies 500

What are the total expenses deductible from business income?

Reference no: EM133412569

Questions Cloud

Create a list of hypotheses uber could use to predict : Create a list of hypotheses Uber could use to predict a rider's pickup location with information such as the rider's previous trips and current destination

What are the relevant income tax : What are the relevant income tax and/or capital gains tax implications in relation to the sale of the Paddington property to Abner Ravenwood (Australian Tax Law

What is the correct amount of lauraes employment income : Based on the above, what is the correct amount of Laurae's employment income for 2022 - Registered pension plan contributions (employee portion) of $5,000

Describe some of the reasons for developing new products : Describe some of the reasons for developing new products? What are some of the categories of new products? Give examples.

What are the total expenses deductible : What are the total expenses deductible from business income - Jonas Laliberte is a self-employed therapist. He meets with all of his clients in his 400 square

Estate tax amnesty has been extended : Estate Tax Amnesty has been extended from the original deadline of June 14, 2021 to June 14, 2023 - settle the filing of the return and payment

Provide an in depth analysis of the important organizational : provide an in depth analysis of the important organizational, technical, and financial issues leading to the current situation. What are the background factors

How they are impacted by the issues in this case : Go to harvard business publishing education. The Article is " samsung: the internet of things" 1) who are the key stakeholders and how they are impacted

Securities and has no capital gains during the year : Bradley purchased 1 share of ABC Corporation stock for $3,500. Bradley is not considered a dealer in stock or securities and has no capital gains during

User Account

All Pages