Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenant. The tenant made timely monthly rental payments of $550 per month for the months of January through December 2015. The following expenses were incurred on the entire building: In addition, depreciation allocable to the rented apartment is $1,500. What amount should Bill report as net rental income for 2015? 
Definitions:
Political Isolation
A state where an individual, group, or country is set apart or detached from larger political activities, organizations, or alliances.
Decentralization
The distribution of administrative powers or functions from a central authority to local units or organizations.
Marxist And Fordist
Concepts referring to the Marxist critique of capitalist industrial production and the Fordist model of mass production and labor standardization, respectively.
Social And Political
Relating to society and its organization or the theory and practice of politics and government.
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