Percent of gross income

[cladroj02]

How do I figure the percent of gross income?

[AnnetteB · Accepted solution]

I am assuming that you are trying to answer the question about percent of gross income as associated with a home office.  If this is not the case, please add more details.

There is not a set formula for determining the percent of gross income attributable to a home office.  You will need to determine that for yourself based on your personal situation.

For example:  If all your work is done in your home office, enter 100 (for 100%).  But if you figure that one-fourth of your income is made on the road (or anywhere outside of your home office) and three-fourths of your income is made from your home office, enter 75 (for 75%).