Required information Problem 14-64 (LO 14-6) (Algo) [The following information applies to the questions displayed below) Rito 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 ho Real property taxes $1,750 Interest on home mortgage 5,325 Operating expenses of home Depreciation 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.) 875 1,690 Problem 14-64 Part b (Algo) b. What would Rita's home office deduction be if her business generated $10750 of gross income instead of $15,750? (Answer for both the actual expense method and the simplified method.) Actual expense method Simplified method