Elise Is a Self-Employed Business Consultant Who Operates Her Business

question 155

Multiple Choice

Elise is a self-employed business consultant who operates her business out of an office in her home. The home office passes the qualifying tests for deducting office in the home expenses. For the current tax year, Elise earns $90,000 from her business activities. She incurs $82,000 in supplies, travel expenses, wage expense, etc. Elise's mortgage interest and real estate taxes allocable to the home office space were determined to be $9,000. Also, other expenses including insurance, repairs and maintenance, utilities, and depreciation allocable to the home office space total $11,000. How much of the other expenses (insurance, repairs, etc.) can Elise deduct?

• A)$- 0 -
• B)$2,000
• C)$8,000
• D)$9,000
• E)$11,000

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Definitions:

Nonverifiable Tales

NONVERIFIABLE TALES are stories or accounts whose authenticity, truthfulness, or accuracy cannot be confirmed or demonstrated.

Gossip

Intimate and personal communication meant to be entertaining.

Reactionary Movements

Groups or actions that aim to restore a previous state of society, often in response to perceived moral, social, or political decline.

Oppressive Society

A social system where certain groups are systematically subjected to discriminatory treatment, injustice, and coercive control by dominant groups.