Frank Is a Self-Employed Architect Who Maintains a Qualifying Office

question 30

Multiple Choice

Frank is a self-employed architect who maintains a qualifying office in his home. Frank has $80,000 gross income from his practice and incurs $72,000 in salaries, supplies, computer services, etc. Frank's mortgage interest and real estate taxes allocable to the office total $3,000. Other expenses total $9,000 and consist of depreciation, utilities, insurance, and maintenance. Frank's total office in home deductions are

• A)$3,000
• B)$5,000
• C)$8,000
• D)$9,000
• E)$12,000

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