If an entrepreneur uses a home office for his company's administrative tasks a tax deduction may be allowed if the entrepreneur
A) has sales of greater than $100,000.
B) does not conduct substantial administrative or management activities anywhere else.
C) has sales of less than $100,000.
D) is not in the service industry.
Correct Answer:
Verified
Q45: Which of the following might restrict home-based
Q46: Before beginning a home-based business entrepreneurs should
Q47: Home-based businesses
A) have special insurance needs.
B) may
Q48: Insurance for a home-based business
A) is automatically
Q49: A recent survey found many home-based entrepreneurs
A)
Q50: Prior to the Taxpayer Relief Act of
Q51: According to the U.S. Small Business Administration,
Q53: Because of the Taxpayer Relief Act entrepreneurs
A)
Q54: If a home is depreciated as part
Q55: The home office tax deduction is advantageous
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