Answer:
The correct answer is $20,000.
Explanation:
According to the scenario, the given data are as follows:
Gross income = $180,000
Business expense = $160,000
Mortgage interest and property taxes expense = $14,000
Other home office expense = $9,000
So, we can calculate the total allowable home office deduction by using following method:
As we know, first we have to deduct the business expense from the gross income and than if there any net income left than other expense can be deducted.
Hence,
= Gross income - Business expense
= $180,000 - $160,000
= $20,000
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
false
it can increase instead of decreasing
Answer:
The answer is below
Explanation:
According to a Fair Labor Standards Act, FLSA, guidelines regarding working hours apply to Hayim's employees in the following ways:
1. All the workers, (either full time or part-time) is entitled to remuneration based on minimum wage.
2. All the employees should work based on the guideline regarding maximum hours
3. The minimum age is applicable to all the employees
4. Remuneration of the employees must be based on the applicable Pay rates
5. There must be mandatory break periods for all workers, regardless if it is full time or part-time workers.