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Corinne's Primary Business Is Writing Music

question 38

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Corinne's primary business is writing music.She uses one room in her home exclusively and regularly for the activity.The office occupies 300 of the 1,500 square feet in her apartment.She earned $2,100 this last year from her music.Her expenses for the entire home were $9,000 for rent and $2,000 for utilities.What is her home office expense deduction?


Definitions:

Self-Congratulatory

Describes behavior or expressions that give one credit for one's own achievements, often excessively or inappropriately.

Important Idea

A concept or thought that holds significant value or has a major impact on a particular context or discussion.

News Release

An official statement issued to the media to announce something of interest, also known as a press release.

Industry Conventions

Gatherings or conferences where professionals from a particular sector meet to discuss innovations, trends, and best practices.

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