Question: This one question has three parts, could you please show work and bold final answer. Thank you! Rita owns a sole proprietorship in which she

This one question has three parts, could you please show work and bold final answer. Thank you!

This one question has three parts, could you please show work andbold final answer. Thank you! Rita owns a sole proprietorship in whichshe works as a management consultant. She maintains an office in her

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 $5,960. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Also, assume that, not counting the sole proprietorship, Rita's AGI is $63,600. 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 home. Assume Rita's consulting business generated $15,900 in gross income. Note: Leave no answer blank. Enter zero if applicable. Problem 14-64 Part a (Algo) a. What is Rita's home office deduction for the current year? 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 $5,960. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Also, assume that, not counting the sole proprietorship, Rita's AGI is $63,600. 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 home. Assume Rita's consulting business generated $15,900 in gross income. Note: Leave no answer blank. Enter zero if applicable. roblem 14-64 Part b (Algo) What would Rita's home office deduction be if her business generated $10,900 of gross income instead of $15,900? (Answer for th the actual expense method and the simplified method.) 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 $5,960. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Also, assume that, not counting the sole proprietorship, Rita's AGI is $63,600. 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 home. Assume Rita's consulting business generated $15,900 in gross income. Note: Leave no answer blank. Enter zero if applicable. Problem 14-64 Part c (Algo) c. Given the original facts, what is Rita's AGI for the year

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