Ques1. During the current year, Janice Treason has the following costs: (Workspace in the Home...
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Ques1. During the current year, Janice Treason has the following costs: (Workspace in the Home Cost) Utility Costs for Home $3,200 Maintenance and Repairs for Home 3,800 Property Taxes for Home 6,400 Home Insurance 1,800 Interest on Mortgage 6,200 Personal Long Distance Charges 275 Employment/Business-Related Long Distance 780 Charges Ms. Teason estimates that she uses 30 percent of her residence for employment/business related purposes. Maximum CCA on 100 percent of the house would be $15,000. Determine the maximum deduction that would be available to Ms. Teason assuming: A. She is an employee with $80,000 in income (no commissions). B. She is an employee with $80,000 in commission income. C. She is self-employed and earns $80,000 in business income
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