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The Following Individuals Maintained Offices in Their Home: (1)Dr

question 63

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The following individuals maintained offices in their home: (1) Dr.Austin is a self-employed surgeon who performs surgery at four hospitals.He uses his home for administrative duties as he does not have an office in any of the hospitals.
(2) June,who is a self-employed plumber,earns her living in her customers' homes.She maintains an office at home where she bills clients and does other paperwork related to her plumbing business.
(3) Cassie is an employed as a sales representative of Montgomery Products,an out-of-town company which does not have a local office.She uses an extra room in her home to plan her sales calls,write up orders and store inventory.The use of this room in her home is a required part of the job.,and this work is the only use of this room.
Who is entitled to a home office deduction?


Definitions:

Franchise

A franchise is a type of business whereby a franchisee is given the license by a franchisor to operate under the brand's name and system.

Chain Contract

A legally binding agreement that links several parties in a series of contracts, often used in supply chains or franchising networks.

Due Diligence

An investigation or audit of a potential investment or product to confirm all facts, such as reviewing financial records, plus anything else deemed material.

Franchise Agreement

The legal contract that binds both parties involved in the franchise.

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