Mike, a self-employed photographer, uses 300 square feet of his 1,500 square foot home exclusively for

business. Mike had income of $20,000 from the business and expenses of $6,000 before considering the

following home office expenses:

Repairs to dark room

in his work space

$ 500

Property Taxes

$ 1,500

Mortgage Interest

$ 7,500

Insurance

$ 200

Home Repairs

$ 1,000

Utilities

$ 2,400

Depreciation

$ 3,840

What is Mikes home office expense deduction for the current year?