Rhea is a freelance professional singer. She lives in a rented apartment and uses one room exclusively as a business office. This room includes 480 of the 2,400 square feet of living space in the apartment. Rhea performs in recording studios and concert halls, but performs all administrative duties regarding the business out of her home office. This year, the

Sep 8, 2023

Rhea is a freelance professional singer. She lives in a rented apartment and uses one room exclusively as a business office. This room includes 480 of the 2,400 square feet of living space in the apartment. Rhea performs in recording studios and concert halls, but performs all administrative duties regarding the business out of her home office. This year, the rent for Rhea’s apartment was $57,000. She paid $6,100 for a cleaning service that cleaned the entire apartment once a week and $2,900 for rental insurance on the apartment’s furnishings.

1. Calculate Rhea’s head office deduction assuming that her net profit before deduction was $390,000.

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Rhea is a freelance professional singer. She lives in a rented apartment and uses one room exclusively as a business office. This room includes 480 of the 2,400 square feet of living space in the apartment. Rhea performs in recording studios and concert halls, but performs all administrative duties regarding the business out of her home office. This year, the
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  1. 2. Calculate Rhea’s home office deduction assuming that her net income before deduction was $4,900.

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