1) If a day care child naps in one of your own child’s bedroom for thirty minutes a day, four times a week can you count this room as being regularly used for your business when calculating your Time – Space Percentage?
B. No, because a room must be used for at least one hour a day for it to be considered regularly used
C. No, because it is your own child’s bedroom which is considered personal use.
2) A provider should not join the Food Program is she is spending more money on food than she receives in reimbursements from the Food Program.
3) One day a provider goes to the grocery store where she buys business and personal food before driving home. Can she deduct this trip as a business trip?
B. Yes, if she bought more business food than personal food
C. No, because to claim a business trip to a grocery store you can not buy any personal food
D. No, because trips to grocery stores are always considered personal by the IRS
This quiz was first posted at firstchildrensfinance.org.
Tom Copeland – www.tomcopelandblog.com
Image credit: https://www.flickr.com/photos/27970119@N02/
For more information about record keeping, see my book Family Child Care Record Keeping Guide.