Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,00, and her residence expenses are as follows:
Real property taxes 2,400
Interest on mortgage 4,000
Operating expenses 2,200
Depreciations (based on 85 business use) 450
What is Cindy office in the home deduction base on :
The regular method?
The simplified method?