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Bingel [31]
3 years ago
12

Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the yea

r is $6,000. Total real estate taxes for the home are $950, and interest on the home mortgage is $3,000. Annual utilities and maintenance expenses total $1,800, and depreciation expense is $4,500. Calculate Sherry's net income from the vacation home for this tax year.
Business
1 answer:
ExtremeBDS [4]3 years ago
8 0

Answer:

$875

Explanation:

Sherry's gross rental income $6,000

minus utilities and maintenance expenses for 6 months =$1,800 / 2 = ($900)

minus real estate taxes for 6 months = $950 / 2 = ($475)

minus depreciation expense for 6 months = $4,500 / 2 = ($2,250)

minus interest on mortgage for 6 months = $3,000 / 2 = ($1,500)

Sherry's net income is $875

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Answer:

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Explanation:

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This step comes after the problem identification stage of problem solving.

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5 0
4 years ago
The music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes: a.
ExtremeBDS [4]

Answer:

b.

Explanation:

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3 years ago
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3 years ago
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Explanation:

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