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Required information Problem 6-45 (LO 6-2) (Static) [The following information applies to the questions displayed...

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Required information Problem 6-45 (LO 6-2) (Static) [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 $5,600. 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 $ 1,600 Interest on home mortgage Operating expenses of home 800 Depreciation 1,600 Also, assume that, not counting the sole proprietorship, Rita's AGI is $60,000. 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 $13,000 in gross income for the current year, Further, assume Rita uses the actual expense method for computing her home office expense deduction 5,100 Problem 6-45 Part a (Static) a. What is Rita's home office deduction for the current year? Home office deduction

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