Jonathan Is a Self-Employed Consultant with a Qualifying Office in His

question 1

Multiple Choice

Jonathan is a self-employed consultant with a qualifying office in his home.The gross income from his business is $18,000 and he has $14,000 of business expenses other than those for his home office.His home office occupies 20% of the square footage of his home and the total expenses for his home include: $12,000 for mortgage interest, $4,000 for property taxes, $3,600 for utilities, and $1,500 for homeowner's insurance.Depreciation for the business portion of his home is $500.How much can Jonathan deduct for his home office expenses?

• A)$0
• B)$4,000
• C)$4,220
• D)$4,720

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Definitions:

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and needs of passengers during a flight.

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Locks provided at no additional cost as a courtesy or as part of a service.

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Possession

The actual holding or control of property or an asset, regardless of whether it is legally owned.