Alex Is a Self-Employed Dentist Who Operates a Qualifying Office

question 32

Multiple Choice

Alex is a self-employed dentist who operates a qualifying office in his home.Alex has $180,000 gross income from his practice and $160,000 of expenses directly related to the business,i.e.,non-home office expenses.Alex's allocable home office expenses for mortgage interest expenses and property taxes are $14,000 and other home office expenses are $9,000.What is Alex's total allowable home office deduction?

• A)$9,000
• B)$14,000
• C)$20,000
• D)$23,000

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Definitions:

Cognitive-Behavioral

A therapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

Skill Building Therapies

Therapies that focus on developing and enhancing personal skills and coping mechanisms for more effective behavior and interaction.

Meta-Analysis

A statistical technique that combines the results of multiple studies to arrive at a conclusion about a body of research on a particular topic.

Insight-Oriented

A therapeutic approach that focuses on increasing a patient’s awareness of underlying motives and defenses to provide a deeper understanding of their problems.