Taxpayers with an office in their home may deduct a percentage of their home-related
Chapter 10, Problem 42(choose chapter or problem)
Taxpayers with an office in their home may deduct a percentage of their home-related expenses. This percentage is based on the ratio of the offices area to the area of the home. A taxpayer with an office in a 2200-square-foot home maintains a 20 foot by 16 foot office. If the yearly utility bills for the home come to $4800, how much of this is deductible?
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