Genie meets the requirements to deduct expenses related to a home office that she maintains in the spare bedroom of her rented house. She incurered the following expenses during the year: Annual cost of electricty for the entire house $1728 Cost of repairing light fixtures in the home office $200 Annual rent for the house $24000 the house is a total of 2000 square feet. the home office measures 156 square feet Genie uses the actual method of deducting expenses, what is her total home office deduction?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Genie meets the requirements to deduct expenses related to a home office that she maintains in the spare bedroom of her rented house. She incurered the following expenses during the year:

Annual cost of electricty for the entire house $1728

Cost of repairing light fixtures in the home office $200

Annual rent for the house $24000

the house is a total of 2000 square feet. the home office measures 156 square feet

Genie uses the actual method of deducting expenses, what is her total home office deduction?

 

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