Cindy maintains an office in her home that comprises 22% (390 square feet) of total floor space. Gross income for her business is $50,150, and her…

Cindy maintains an office in her home that comprises 22% (390 square feet) of total floor space. Gross income for her business is $50,150, and her residence expenses are as follows:

Real property taxes $4,668

Interest on mortgage $7,780

Operating expenses $3,890

Depreciation (based on 22% business use) $4,835

If required, round your final answer to the nearest dollar.

What is Cindy’s office in the home deduction based on:

a. The regular method?

b. The simplified method?