Practice Ch 12/14 6 Saved Help Save & Exlt Submlt Required information The following information applies to the questions displayed below. Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. Her business expenses, other than home office expenses, total $5,760. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses Part 2 of 4 points Real property taxes Interest on home mortgage Operating expenses of home Depreciation S1,680 5,220 840 1,648 eBook Ask Also, assume that, not counting the sole proprietorship, Rita's AGI is $61,600 Assume Rita's consulting business generated $15,400 in gross income. (Leave no answer blank Enter zero if applicable.) Print References b. What would Rita's home office deduction be if her business generated $10,400 of gross income instead of $15,400? (Answer for both the actual expense method and the simplified method.) ctual expense Simplified method 9,388 1,500 Practice Ch 12/14 6 Saved Help Save & Exlt Submlt Required information The following information applies to the questions displayed below. Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. Her business expenses, other than home office expenses, total $5,760. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses Part 2 of 4 points Real property taxes Interest on home mortgage Operating expenses of home Depreciation S1,680 5,220 840 1,648 eBook Ask Also, assume that, not counting the sole proprietorship, Rita's AGI is $61,600 Assume Rita's consulting business generated $15,400 in gross income. (Leave no answer blank Enter zero if applicable.) Print References b. What would Rita's home office deduction be if her business generated $10,400 of gross income instead of $15,400? (Answer for both the actual expense method and the simplified method.) ctual expense Simplified method 9,388 1,500