Question: David is a college professor who does some consulting work on the side. He uses 25% of his home exclusively for the consulting practice. He

David is a college professor who does some consulting work on the side. He uses 25% of his home exclusively for the consulting practice. He is single and 63 years old. His AGI (without consideration of consulting income) is $45,000.00. Other information follows: Income from consulting business $4000.00 Consulting expenses other than home office $1500.00 Total costs relating to home: Interest and taxes $6500.00 Utilities $1500.00 Maintenance and repairs $ 450.00 Depreciation (business part only) $1500.00 Calculate David

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