Mr Dilly Has Expenses Relating to a Qualifying Home Office

question 23

True/False

Mr. Dilly has expenses relating to a qualifying home office of $14,320. The taxable income generated by the business before any deduction of home office expenses was $13,700. His allowable home office deduction is $14,320.

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Definitions:

Prematurity

Birth occurring prior to the completion of 37 weeks gestation.

Congenital

A condition existing at the time of birth.

Birth

The process of giving life whereby an offspring is expelled from the body of its mother.

Congenital Pes Planus

A condition present at birth where the arch on the inside of the feet is flattened, allowing the entire sole to touch the ground when standing.