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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Motorists

Individuals who operate cars or other motor vehicles.

Speed Limit

The maximum legal speed at which vehicles may travel on a particular road or in a specific area.

Gas Mileage

A measure of how many miles a vehicle can travel on a gallon of gasoline, often used as an indicator of fuel efficiency.

Traffic Accidents

Unforeseen incidents that occur on the road involving vehicles, pedestrians, or cyclists, often resulting in injury or damage.