The simplified method of computing home office expenses limits the number of home office expenses allowed to a fixed amount regardless of the amount of business income or the size of the home office.
<h3>How do you calculate home office deductions?</h3>
A business owner can calculate the home office deduction in two ways: regular and simplified. The regular method would require you to use Form 8829 to calculate your deduction, which would include figures for the area of your home and the total hours it was used for business purposes, your business income, and other business expenses.
If you itemize deductions and use the simplified method for a taxable year, you can deduct home expenses that would otherwise be deductible as itemized deductions on Form 1040 or 1040-SR, Schedule A, without reducing these expenses by the amounts allocable to the simplified method.
Learn more about home office deductions here:
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<h2>A $4.00 for car wash is good</h2>
Explanation:
Option A: A fancy hair cut option is given but it is not associated with any of the price. So we cannot say it is good or worth for the money.
Option B: It seems to be valid. But when we consider all the given options, there are better options than this.
Option C: Rusted means a brown layer formed on the body of the car. So we cannot say it is good. So this option too is invalid.
Option D: Normally car wash costs $10. It is worth to do a complete car wash with $4.00. This option is the best choice.
Answer:
At equilibrium demand is equal to supply therefore
Qd=Qs
50-2P=3P
By collecting like terms
50=3P+2P
50=5P
P=10
THEREFORE equilibrium price is 10
Explanation:
A. A sole proprietorship <span>is the type of business ownership that has the highest personal liability risk. You are on your own there, and if you make a mistake, the who business fails. </span>
