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Required information The following information applies to the questions displayed below! Ria 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 $5,920. 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 $ 1,700 Interest an hormatge 5,340 Operating expenses of hone 880 Depreciation 1,636 Also, assume that not counting the sole proprietorship. Rita's AGI is $63,200 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 $15,800 in gross income (Leave no answer blank. Enter zero if applicable.) a. What is Rita's home office deduction for the current 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 1500 square feet where she meets with clients, prepares bills, and performs other work-related tasks Her business expenses other than home office expenses, total $5920. The following home related expenses have been allocated to her home office under the actual expense method for calculating home office expenses ral property taxes $ 1,700 Interest on how more 5.46 Operating expenses of home 3 Depreciation 1.696 Also, assume that not counting the sole proprietorship, Rita's AGE 563.200 Rita itemize deductions, and her femted 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 $15,800 in gross income. (Leave no answer blank Enter zero it applicable) c. Given the original facts, what is Rias AG for the year? AC
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 bills, and performs other work-related tasks. Her business expenses other than home office expenses, total $5.920. 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 $ 1,760 Interest on home mortgage 5,340 Operating expenses of home 80 Depreciation 1,696 Also, assume that not counting the sole proprietorship. Rita's AG is $63,200. 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 $15,800 in gross income (Leave no answer blank, Enter zero if applicable) d. Given the original facts, what types and amounts of expenses will she carry over to next year? Tier 1 expenses carried over to next year Tier 2 expenses carried over to next year Tier expenses carried over to next year