Question: Required InformationProblem 6 - 4 5 ( LO 6 - 2 ) ( Algo ) [ The following information apples to the questions displayed below.

Required InformationProblem 6-45(LO 6-2)(Algo)[The following information apples to the questions displayed below.]Rita owns a sole proprietorship in which she works as a management consultant. She maintans 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 $5,840. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses.Real property taxesInterest on home mortgage operating expenses of home:Depreciation$ 1,7205,2808601,672Also, assume that, not counting the sole proprietorship, Rita's AGI Is $62,400. Rita Itemizes deductions, and her Itemized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the homeAssume Rita's consulting business generated $15,600 in gross income.Note: Leave no answer blank. Enter zero If applicable.Problem 6-45 Part b (Algo)b. What would Rita's home office deduction be if her business generated $10,600 of gross Income instead of $15.600?(Answer for both the actual expense method and the simplified method.)Actual expense methodSimplified method

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