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How much can jonathan deduct for his home office expenses

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Question - Jonathan is a self-employed consultant with a qualifying office in his home. The gross income from his business is $18,000 and he has $14,000 of business expenses other than those for his home office. His home office occupies 20% of the square footage of his home and the total expenses for his home include: $12,000 for mortgage interest, $4,000 for property taxes, $3,600 for utilities, and $1,500 for homeowner's insurance. Depreciation for the business portion of his home is $500. How much can Jonathan deduct for his home office expenses?

a. $0

b. $4,000

c. $4,220

d. $4,720

Reference no: EM132110452

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