Question: Eric is an actuary and maintains an office in his home. Expenses of the business (other than home office expenses) are $12,000. Eric incurs the following home office expenses: His office occupies 300 sq ft of floor space in his residence. Gross income from his business is $39,000. Assuming that Eric uses the simplified method, what is his allowable office in the home deduction? Group of answer choices $1,500 $1,000 $1,200 $2,400