Aaron James has a qualifying home office. The office is 500 square feet and the entire house is 2500 square feet. He computed his MACRS depreciation based on the square footage of the house and it was 1,100 for the home office portion of the house. With the following information, what is the home office deduction? (2 Points)

In a chapter 7 bankruptcy, a debtor:

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.