Randi qualifies for a home deduction. the amount of space devoted to business use is 400 square feet of the total 2,000 square feet of her home. randi's mortgage interest and property taxes in total are $1,600. other deductions properly allocated to the home office total $300. in addition, randi purchases and uses business supplies costing $200 during the year. assume randi earns income of $3,400 for the year before deducting any home office or supplies deduction. assuming randi uses the simplified method, calculate the largest deduction randi can take for her home office (ignore self-employment taxes). overall home office deduction limitation: $ home office deduction under simplified method: $

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

$1,240 is the answer! ~ hope i !