Question 2 of 40.Arlene lives in a 700-square-foot studio apartment. Her rent is $1,300 monthly. She runs her own catering business and cooks client meals inher kitchen. Arlene's kitchen is 300 square feet. She also cooks her personal meals in the kitchen.What percentage of her rent may Arlene deduct as a business-use-of-home expense?O 0%43%57%100%Mark for follow up

Business-use-of-home expenses are the portion of household expenses that taxpayers can deduct when…

Answered: What percentage of her rent may Arlene…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What percentage of her rent may Arlene deduct as a business-use-of-home expense? 006