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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,

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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 - Problem 14-63 Parts a, b, and c (Algo) $ 4,170 16,664 5,950 14,20 1.095 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 $2.570 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? Reg a Reg b Reqc What amount of each of these expenses is allocated to the home offic not round intermediate calculations. Round your final answers to the Expense Allocated to home office Real property taxes Interest on home mortgage Operating expenses of home Depreciation Repairs to home theater room Total expenses $ 0 Required information Rega Reqb Reqc What are the total amounts of tier 1, tier 2, and tier 3 expenses, respectively, allocated to the home office? (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations, Round your final answers to the nearest whole dollar amount. Amount Expenses Tier 1 expenses Tier 2 expenses Tier 3 expenses Reg a Reqb Redac If Brooke reported $2570 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? (Leave no answer blank. Enter zero if applicable. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount Show less Home office expense deduction Home office expense carried over

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