8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Leaning Overall home office deduction limitation: $ Home office deduction under simplified method: $ 53. PR.03-24 Problem 3-24 Office in the Home (LO 3.11) Ann is a self-employed restaurant critic who does her work exclusively from a home office. Ann's income is $25,000 before the home office deduction this year. Her office takes up 200 square feet of her 1,000-square-foot apartment. The total expenses for her apartment are $6,000 for rent, $1,000 for utilities, $200 for renter's insurance, and $800 for pest control and other maintenance. What is Ann's home office deduction? $

Quickbooks Online Accounting
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ISBN:9780357391693
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Chapter4: Operating Activities: Sales And Cash Receipts
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8/28/2019
CengageNOWv2 | Online teaching and learning resource from Cengage Leaning
Overall home office deduction limitation: $
Home office deduction under simplified method: $
53. PR.03-24
Problem 3-24
Office in the Home (LO 3.11)
Ann is a self-employed restaurant critic who does her work exclusively from a home office. Ann's income is $25,000
before the home office deduction this year. Her office takes up 200 square feet of her 1,000-square-foot apartment. The
total expenses for her apartment are $6,000 for rent, $1,000 for utilities, $200 for renter's insurance, and $800 for pest
control and other maintenance.
What is Ann's home office deduction?
$
Transcribed Image Text:8/28/2019 CengageNOWv2 | Online teaching and learning resource from Cengage Leaning Overall home office deduction limitation: $ Home office deduction under simplified method: $ 53. PR.03-24 Problem 3-24 Office in the Home (LO 3.11) Ann is a self-employed restaurant critic who does her work exclusively from a home office. Ann's income is $25,000 before the home office deduction this year. Her office takes up 200 square feet of her 1,000-square-foot apartment. The total expenses for her apartment are $6,000 for rent, $1,000 for utilities, $200 for renter's insurance, and $800 for pest control and other maintenance. What is Ann's home office deduction? $
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