Sabin is an artist and maintains an office (his studio) in his home. his office occupies 8% of the total floor space of his residence. gross income from his business is $24,000. expenses of the business (other than home office expenses) are $5,000. sabin incurs the following home office expenses:
real property taxes on residence: $2,400
interest expense on residence: $4,000
operating expenses of residence: $2,200
depreciation on residence (based on 8% business use): $450.
a) assuming sabin uses the "regular method" to compute the office in the home deduction, his deduction is ?
b) assuming sabin uses the "simplifed method" to computer the office in the home deduction, his deduction is?
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 12:00, DeathFightervx
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
Answers: 1
Business, 22.06.2019 13:30, lorip7799ov3qr0
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
Business, 22.06.2019 20:20, isabelperez063
Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.
Answers: 2
Business, 22.06.2019 20:30, smarty5187
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Do you know the correct answer?
Sabin is an artist and maintains an office (his studio) in his home. his office occupies 8% of the t...
Questions in other subjects:
