A Man Has a Total of $110,000 Invested in Three

question 86

Multiple Choice

A man has a total of $110,000 invested in three rental properties. One property earns 7.5% per year on its investment, the second earns 9%, and the third earns 10%. The three properties earn a total of $9600 per year.
What is the largest amount that could be invested at 7.5%?

• A) $56,000
• B) $110,000
• C) $50,000
• D) $54,000

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Definitions:

Income Trusts

Investment vehicles that hold income-producing assets and pass on earnings to investors, typically in sectors like real estate, oil and gas, or business.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, it occurs most commonly with corporate dividends.

Additional Regulations

Further rules or laws imposed by governing bodies to control or direct activities, often for safety, quality, or compliance.

Corporate Form

A legal structure chosen by a business that treats the business as a separate legal entity capable of holding assets, incurring liabilities, and being taxed.