Alex Is a Self- Employed Dentist Who Operates a Qualifying

question 1414

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

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Definitions:

Diversity

The presence of differences within a given setting, including variations in race, ethnicity, gender, age, sexual orientation, religion, and socio-economic status.

Unity

The state of being united or joined as a whole, often used in the context of teamwork or cohesion within a group.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.

Modest Expectations

Reasonable and not overly ambitious hopes or goals.