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Title: Liz, who is single, lives in a single family home and owns a second single family home that she ... Post by: Augustus1 on Jan 9, 2017 Liz, who is single, lives in a single family home and owns a second single family home that she rented for the entire year at a fair rental rate. Liz had the following items of income and expense during the current year.
Income: Gross salary and commissions from Ace Corporation $50,000 Rent received from tenant in Liz's rental house 13,000 Dividends received on her portfolio of stocks 5,000 Expenses: Unreimbursed professional dues 200 Subscriptions to newsletters recommending stocks 900 Taxes, interest and repair expenses on rental house 3,500 Depreciation expense on rental house 2,300 What is her adjusted gross income for the year? A) $53,750 B) $61,100 C) $62,200 D) $68,000 Title: Re: Liz, who is single, lives in a single family home and owns a second single family home that she ... Post by: MsLippy on Jan 9, 2017 Content hidden
Title: Re: Liz, who is single, lives in a single family home and owns a second single family home that she ... Post by: Augustus1 on Mar 19, 2017 I needed this so bad, I'm laughing right now from happiness
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