Cindy, who is self-employed, maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,000, and her residence expenses are as follows: Real property taxes $2,400 Interest on mortgage 4,000 Operating expenses 2,200 Depreciation (based on 8% business use) 450. What is Cindy's office in the home deduction based on the
a. Regular Method
b. The simplified method
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