Required informotion [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 \$5,740. 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 AG is $61,400 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 $15,350 in gross income Note: Leave no onswer blank. Enter zero if applicable. o. What is Rita's home office deduction for the current year? Required informetion The following information opplies to the questions chisplayed below] Rata 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 $5,740. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Aso, assume that. not counting the sole proprietorship, Rita $ AG is $61,400. 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 ose of the home Assume Rita's consulting business generated $15,350 in gross income Note: Leove no answer blonk. Enter zero if opplicoble. b. What would Ruta's home office deduction be if her business generated $10,350 of gross income instead of $15,350 ? (Answer for both the actual expense method and the simplified method) Required information The following information applies to the questions displayed below? Rita owns a sole proprietorship in which she works as a management consuttant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bilis, and performs other work-related tasks. Her business expenses. other than home office expenses, total \$5,740. 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 AGl is $61,400. 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 $15,350 in gross income Note: Leave no ontwer blonk. Enter zero if opplicable. c. Given the original facts, what is Rita's AGI for the year? Required information [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 bulls, and performs other work-related tasks. Her business expenses, other than home office expenses, total \$5,740. 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 $61,400. 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 $15,350 in gross income. Note: Leave no answer blank. Enter zero if applicoble. d. Given the original facts, what types and amounts of expenses will she carry over to next year
