Answer:
ok no prob ...........lolllllll
To write an improper fraction a mixed number you start by seeing how many times the denominator (bottom number) goes in to the numerator (top number). Since the denominator is 9 and the numerator is 29, 9 goes into 29 3 times. The left over numbers become the fraction of which is in simplest form.
<em>3 x 9 = 27</em>
<em>29 - 27 = 2</em>
<u>Mixed number: 3 2/9</u>
Answer:
The Bluejay Apartments
1. Tax Effects of the following Alternatives:
i. $1,000 damage deposit with no rent prepayment
No tax will be paid by The Bluejay Apartments until the deposit will no longer be refunded.
ii. $500 damage deposit and $500 rent for the final month of the lease
Tax will be paid on the rental income of $500 and on the $500 if it will no longer be refunded. If it is taken as part of the rent income for a month, then tax will be paid on a total income of $1,000.
iii. $1,000 rent for the final two months of the lease and no damage deposit
Tax will be paid on the rent income of $1,000.
b) From a tax point of view, option i is recommended.
Step-by-step explanation:
According to the IRS, a security or damage deposit is not taxable when it is received by the landlord. It becomes taxable income when the landlord is no longer obligated to return it to the tenant. The reason a damage deposit is not taxed is that it is recorded as an asset and not an expense or income.
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