Problem 14-64 (LO 14-6) (Algo) [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 $5,660. 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 $ 1,630 Interest on home mortgage 5,145 Operating expenses of home Depreciation 1,618 Also, assume that not counting the sole proprietorship, Rita's AGI is $60,600. 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 $15,150 in gross income (Leave no answer blank. Enter zero if applicable.) BIS Problem 14-64 Part b (Algo) b. What would Rita's home office deduction be it her business generated $10,150 of gross income Instead of $15,150? (Answer for both the actual expense method and the simplified method.) Actual expense method Simplified method