Bobby Is an Accountant Who Uses a Portion of His

question 33

Multiple Choice

Bobby is an accountant who uses a portion of his home as his office.His home is 2,500 square feet and his office space occupies 1,000 square feet.Rent expense is $20,000 a year;utilities expense is $1,200 a year;and maintenance expense is $2,000 a year.What is the total amount of these expenses that can be allocated to his home office?

• A)$23,200
• B)$20,000
• C)$9,280
• D)$10,480
• E)$22,000

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Definitions:

Presidential Budget

The federal budget proposed by the president to Congress, outlining government spending priorities for the upcoming fiscal year.

Congress

The legislative branch of the federal government in countries such as the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.

Federal Budget

This refers to the government's estimate of spending and revenue for a specific fiscal year.

President

The elected head of a republican state.