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.
Answer:
The proposed equation is solved as follows:
2X + 7 = 21
2X = 21 - 7
2X = 14
X = 14 / 2
X = 7
The value of X is 7.
A first degree equation is an algebraic equation in which each term is either a constant or a product of a fixed term on a single variable. Therefore, this equation is a first degree one, since it only has a single variable, which is X.
(0,0),(-1,2)
slope = (2 - 0) / (-1 - 0) = - 2/1 = -2
so this equation, since it goes thru the origin, is : y = -2x or 2x + y = 0
(2,3),(1,-2)
slope = (-2 - 3) / (1 - 2) = -5/-1 = 5
y = mx + b
slope(m) = 5
(2,3)...x = 2 and y = 3
now sub into the formula and find b, the y int
3 = 5(2) + b
3 = 10 + b
3 - 10 = b
-7 = b
so this equation is : y = 5x - 7 or 5x - y = 7
so ur 2 equations are :
2x + y = 0
5x - y = 7
8/10 simplified is 4/5 becase if you divide both numbers by 2 that is the simpliest form
