Question: Exercise 9-20 (Algorithmic) (LO. 5) Cindy, who is self-employed, maintains an office in her home that comprises 22% (340 square feet) of total floor space.

Exercise 9-20 (Algorithmic) (LO. 5)

Cindy, who is self-employed, maintains an office in her home that comprises 22% (340 square feet) of total floor space. Gross income for her business is $44,150, and her residence expenses are as follows:

Real property taxes $4,092
Interest on mortgage 6,820
Operating expenses 3,410
Depreciation (based on 22% business use) 2,675

If required, round your final answer to the nearest dollar.

a. What is Cindy's office in the home deduction based on the regular method? $fill in the blank 6676f408cff0fb0_1

I thought it was 900.4 + 1500.4+ 750.2 + 588.5= 3739 rounded or 3738 without the decimals (both of which are wrong)

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