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The following 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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The following 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 $7.250. 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 $1,930 Interest on home mortgage 5,650 Operating expenses of home 250 Depreciation 2,040 Also, assume that not counting the sole proprietorship, Rita's AGL is $65,500 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 $14,870 in gross income for the current year, Further, assume Rita uses the actual expense method for computing her home office expense deduction a: What is Rita's home office deduction for the current year? Home cine deduction

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