Fran is a cpa who has a small tax practice in addition to working as the controller for a local manufacturing business. fran runs her tax practice out of a 150 square foot office in her home where she meets clients and works on their tax returns and researches their tax issues. she meets the exclusive use test for this space. the gross income from her tax practice amounts to $7,500 for the year. business expenses amount to $1,000. based on square footage, $4,000 of fran’s mortgage interest and real estate taxes are allocable to the home office. the allocable portion of maintenance, utilities, and depreciation is $4,500. assuming no other expenses related to the business were incurred, what amount of the maintenance, utilities, and depreciation is deductible by fran?

a. $0.

b. $2,500.

c. $3,500.

d. $4,500.

e. none of the above.

under the deemed substantiation method of accounting for expenses, what is the maximum amount taxpayers are allowed as a deduction without being required to substantiate the amount of the expenses?

a. the appropriate federal per diem amount.

b. $75 per day.

c. all expenses up to $25 per day.

d. the per diem rate established by the state in which they live.

e. none of the above

marsha is single, had a gross income of $50,000, and incurred the following expenses: charitable contribution $2,000 taxes and interest on home $7,000, $3,000 legal fees incurred in a tax dispute medical expenses $1,000 penalty on early withdrawal of savings $250

her agi is:

a. $39,750.

b. $49,750.

c. $40,000.

d. $39,750.

e. none of the above

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e. g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.