Question: Return to question 14 0.37 points Required information Problem 14-63 (LO 14-6) (Static) [The following information applies to the questions displayed below.] Brooke owns

Return to question 14 0.37 points Required information Problem 14-63 (LO 14-6)(Static) [The following information applies to the questions displayed below.] Brooke ownsa sole proprietorship in which she works as a management consultant. Shemaintains an office in her home where she meets with clients, prepares

Return to question 14 0.37 points Required information Problem 14-63 (LO 14-6) (Static) [The following information applies to the questions displayed below.] Brooke owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home where she meets with clients, prepares bills, and performs other work-related tasks. The home office is 300 square feet and the entire house is 4,500 square feet. Brooke incurred the following home-related expenses during the year. Brooke itemizes her 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 home. Unless indicated otherwise, assume Brooke uses the actual expense method to compute home office expenses. Real property taxes Interest on home mortgage Operating expenses of home Depreciation Repairs to home theater room $ 3,600 14,000 5,000 12,000 1,000 Problem 14-63 Parts a, b, and c a. What amount of each of these expenses is allocated to the home office? b. What are the total amounts of tier 1, tier 2, and tier 3 expenses, respectively, allocated to the home office? c. If Brooke reported $2,000 of Schedule C net income before the home office expense deduction, what is the amount of her home office expense deduction and what home office expenses, if any, would she carry over to next year? > Answer is not complete. Complete this question by entering your answers in the tabs below.

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