Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 4.00

Net Rental Income

Net Rental Income. (Obj. 1) Sandee, a cash basis taxpayer, owns a house with two identical units. Sandee resides in one unit and rents out the other. The tenant made timely monthly rental payments of $500 for the months of January through November 2014. The tenant paid rents for December 2014 and January 2015 on January 5, 2015. During the year, Sandee paid $3,600 for utilities and $600 for insurance. These expenses were for the entire house. She paid $400 for maintenance and repairs on the rental unit. Depreciation on the entire house equals $3,000. Compute Sandee’s 2014 net rental income.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 04:03 AM My Price 4.00

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