Dennis is a self-employed hair stylist who operates a salon in his home.The property taxes and interest allocated to the business amount to $5,000,maintenance and utilities allocated to the business total
$2,100,and depreciation allocated to the business use of the home equals $3,000 for the 2013 tax year.
a.If Dennis' gross revenue after deducting supplies for his business is $5,800 for the current tax year,calculate his allowable deductions for the home office.
b.If Dennis' gross revenue after deducting supplies for his business is $13,800,calculate his allowable deductions for the home office.

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The Answer of Dennis is a self-employed hair stylist who operates a salon in his home.The property taxes and interest allocated to the business amount to $5,000,maintenance and utilities allocated to the business total
$2,100,and depreciation allocated to the business use of the home equals $3,000 for the 2013 tax year.
a.If Dennis' gross revenue after deducting supplies for his business is $5,800 for the current tax year,calculate his allowable deductions for the home office.
b.If Dennis' gross revenue after deducting supplies for his business is $13,800,calculate his allowable deductions for the home office.

Dennis Is a Self-Employed Hair Stylist Who Operates a Salon