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Business, 27.02.2020 20:46 fredvales19

Richard operates a hair styling boutique out of his home. The boutique occupies 420 of the home's 1,200 square feet of floor space. Other information is as follows:

Gross income from the boutique $10,000
Supplies for the boutique $ 2,400
Depreciation on total residence $12,000
Utilities for total residence $ 6,000

What amount of income or loss from the boutique should Richard show on his return?

a.$3,500 income
b.$1,300 income
c.$0 income or loss
d.$10,400 loss
e. None of these choices are correct.

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Richard operates a hair styling boutique out of his home. The boutique occupies 420 of the home's 1,...
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