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Business, 26.03.2020 03:36 pramirez6994

Leo is a self-employed architect who maintains a qualifying office in his home. Leo has $80,000 gross income from his practice and incurs $72,000 in salaries, supplies, computer services, etc. In addition, Leo's mortgage interest and real estate taxes allocable to the office total $3,000. Additional other home office expenses total $9,000 and consist of depreciation, utilities, insurance, and maintenance. Leo's total home office deductions are:.
A) $10,000.
B) $15,000.
C) $20,000.
D) $95,000.

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