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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 customer's homes.She maintains an office at home where she bills clients and does other paperwork related to her plumbing business.
(3) Cassie,who is an employee of Montgomery Electrical,is provided an office at the workplace but does significant administrative work at home.Her employer does not require her to do extra work but she feels it is necessary in order to properly do her job.
Who is entitled to a home office deduction?
Full Time
Employment status characterized by working a minimum number of hours defined by the employer, typically 35-40 hours per week.
Division of Income
The distribution of a company's earnings among various stakeholders, such as dividends for shareholders or reinvestment into the business.
Half Time
A term typically associated with employment or academic status, indicating a work or study load that is half of what is considered full time.
Ratio
A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.
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