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Regarding the Simplified Method of Computing the Office in the Home

question 99

Essay

Regarding the simplified method of computing the office in the home deduction, comment on the following independent factors.
a. Taxpayer has set aside 400 square feet for use as an office.
b. Taxpayer has repainted and recarpeted the office area.
c. In past years, taxpayer has always taken the deduction using the regular (actual expense) method.
d. The net income from the business is not large.


Definitions:

Consummate

Describes something as being complete or perfect, often in skill or achievement.

Marital Satisfaction

The degree of contentment and fulfillment a person feels in their marital relationship.

Stability

The state of being resistant to change and maintaining the same condition over time.

Longitudinal Evidence

Data collected over a long period of time to observe changes or developments in the subject of study.

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