Julie works as at home and is self-employed. She uses 17% of her home as office space. She has the following housing expenses: Painting of office $600, mortgage interest total $3,200, property taxes $1,800, utilities $2,400, and depreciation (if 100% business use) of $5,000. Ignoring any income limitations, what is Julie's home office deduction? $13,000 O $1,858 O $2,708 O $2,210
Julie works as at home and is self-employed. She uses 17% of her home as office space. She has the following housing expenses: Painting of office $600, mortgage interest total $3,200, property taxes $1,800, utilities $2,400, and depreciation (if 100% business use) of $5,000. Ignoring any income limitations, what is Julie's home office deduction? $13,000 O $1,858 O $2,708 O $2,210
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Julie works as at home and is self-employed. She uses 17% of her home as office
space. She has the following housing expenses: Painting of office $600, mortgage
interest total $3,200, property taxes $1,800, utilities $2,400, and depreciation (if
100% business use) of $5,000. Ignoring any income limitations, what is Julie's home
office deduction?
O $13,000
O $1,858
O $2,708
$2,210](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F825ef5ad-ad54-4f3d-b126-85fb8c11ed6e%2F06c72f3c-e691-4bf9-8af0-65502ca892f2%2Fh2zs504_processed.png&w=3840&q=75)
Transcribed Image Text:Julie works as at home and is self-employed. She uses 17% of her home as office
space. She has the following housing expenses: Painting of office $600, mortgage
interest total $3,200, property taxes $1,800, utilities $2,400, and depreciation (if
100% business use) of $5,000. Ignoring any income limitations, what is Julie's home
office deduction?
O $13,000
O $1,858
O $2,708
$2,210
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