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see photo Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet)
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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 $6,060. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. $ 1,830 Real property taxes Interest on home mortgage Operating expenses of home Depreciation 5,445 915 1,738 Also, assume that not counting the sole proprietorship, Rita's AGI is $64,600. Assume Rita's consulting business generated $16,150 in gross income. (Leave no answer blank. Enter zero if applicable.) c. Given the original facts, what is Rita's AGI for the year? AGIL Step by Step Solution
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