User Account

All Pages

What is Cindy office in the home deduction

Assignment Help Accounting Basics
Reference no: EM132667720

Problem - Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,000, and her residence expenses are as follows:

Real property taxes $2,400

Interest on mortgage 4,000

Operating expenses 2,200

Depreciation (based on 8% business use) 450

What is Cindy's office in the home deduction based on:

a. The Regular Method?

b. The Simplified Method?

Reference no: EM132667720

Questions Cloud

What is Meghann QBI deduction : In 2019, Meghann Carlson, a single taxpayer, has QBI of $110,000. Given this information, what is Meghann's QBI deduction
What is the new mean : A set of exam marks has mean 70, median 65, inter-quartile range 25 and standard deviation 15 marks. It is decided to subtract 10 from all the marks.
What is the net amount that will be credited to hfc : Horses Forever Corp. (HFC) exchanged 10,000, What is the net amount that will be credited to HFC's common share account because of this transaction?
Why do countries impose trade barriers : Why do countries impose trade barriers? What is the effect of trade barriers on the trade balance, the employment, and the economic growth?
What is Cindy office in the home deduction : Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. What is Cindy office in the home deduction
What is the total balance in darnell contributed : What is the total balance in Darnell's contributed surplus accounts immediately after these transactions are recorded? Total share capital $700,000
Calculate the profits after six-months : Is covered interest arbitrage worthwhile? If so, calculate the profits after six-months, assuming that you have 3,500 CAD. What else might you do to maximize pr
Describe the crucial concept of supply and demand : In this assignment, you will demonstrate your understanding of the Production Possibility Frontier model, marginal opportunity costs, and the differences.
Calculate consumer surplus as a benefit per day : Draw an inverse demand curve (P as a function of Q) and calculate Consumer Surplus as a benefit per day under two scenarios: $2 in (a) and free ($0) in b.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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