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Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home ( 5 0 0 square

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 $6,040. 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 $ 1,820
Interest on home mortgage 5,430
Operating expenses of home 910
Depreciation 1,732
Also, assume that, not counting the sole proprietorship, Rita's AGI is $64,400. 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 $16,100 in gross income.
Note: Leave no answer blank. Enter zero if applicable.
Problem 14-64 Part c (Algo)
c. Given the original facts, what is Rita's AGI for the year?
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