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Nancy Is Employed by a Large Corporation as a Sales

Question 68

Multiple Choice

Nancy is employed by a large corporation as a sales representative. She is paid a salary of $70,000 during 2020. She is required to have a home office and uses the 375 square foot den in her 1,500 square foot house exclusively for this purpose. Total costs for 2020 were as follows: Nancy is employed by a large corporation as a sales representative. She is paid a salary of $70,000 during 2020. She is required to have a home office and uses the 375 square foot den in her 1,500 square foot house exclusively for this purpose. Total costs for 2020 were as follows:   As Nancy's compensation does not include any commissions, she is unable to use some of these costs as tax deductions. If instead, her compensation of $70,000 was in the form of commissions, she would be able to claim extra tax deductions of: A) $1,675. B) $3,600. C) $5,075. D) $1,475. As Nancy's compensation does not include any commissions, she is unable to use some of these costs as tax deductions. If instead, her compensation of $70,000 was in the form of commissions, she would be able to claim extra tax deductions of:


A) $1,675.
B) $3,600.
C) $5,075.
D) $1,475.

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