User Account

All Pages

What is cindy office in the home deduction

Assignment Help Accounting Basics
Reference no: EM133094572

Question - Cindy maintains an office in her home that comprises 5% (200 square feet) of the total floor space. Gross income for her business is $42,000 and her residence expenses are as follows:

Depreciation (based on 5% business use) $450

Interest on mortgage 4,000

Operating expenses 2,200

Real property taxes 2,400

Required -

Part 1 - What is Cindy's office in the home deduction based on the Regular Method?

Part 2 - What is Cindy's office in the home deduction based on the Simplied Method?

Part 3 - Which method should Cindy choose?

Reference no: EM133094572

Questions Cloud

Explain the key findings in the article kearney : Explain the key findings in the article kearney et al. (2019) "a paradox perspective on the interactive effects of visionary and empowering leadership"
Explain visionary leadership or empowering leadership : Explain when visionary leadership or empowering leadership should be pursued?
Define trends and issues in occupational hs : Using media such as internet, newspaper, etc., select a current issues article from the past year that interests you which has relevance to Health and Safety in
Addressing population health needs in the community : What do you think is the role of healthcare managers in addressing population health needs in the community? And in reducing health disparities?
What is cindy office in the home deduction : Cindy maintains an office in her home that comprises 5% (200 square feet) of the total floor space. What is Cindy office in the home deduction
Is there any relationship to high aic and weight : Which patient would you consider the highest risk in this group, why
Develop hostility towards tourists : Explain why residents may develop hostility towards tourists after initially being excited about them
Develop hostility towards tourists : Explain why residents may develop hostility towards tourists after initially being excited about them
What was a beginning capital balance : The ABC partnership Statement of Changes in Equity reveals that Partner A drawing account during the year totaled P80,000, What was A beginning capital balance

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd