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Problem 14-64 (LO 14-6) (Algo) {The following information applies to the questions displayed below Rita owns a sole proprietorship in which she works as a

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Problem 14-64 (LO 14-6) (Algo) {The following information applies to the questions displayed below 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 $5,900. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses Real property taxes $1,750 Interest on home mortgage 5,325 Operating expenses of home 875 Depreciation 1,690 ho Also assume that, not counting the sole proprietorship. Rita's AGI is $63 000 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 $15.750 in gross income. (Leave no answer blank. Enter zero if applicable.) c. Given the original facts, what is Rita's AGI for the year? AGI d. Given the original facts, what types and amounts of expenses will she carry over to next year? Tier 1 expenses carried over to next year Tier 2 expenses carried over to next year Tier 3 expenses carried over to next year

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