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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Definitions:

Eroding

The process of gradually wearing away or deteriorating, often used metaphorically to describe the weakening of institutions or values.

Public Trust

The degree of confidence that the public has in the capability, integrity, and efficiency of organizations, institutions, or government to fulfill their responsibilities.

Well Informed

Having or showing a broad knowledge of facts acquired through education or experience.

Do No Harm Principle

A guiding ethical imperative aimed at avoiding the infliction of harm or suffering on others.