Stephen and Joy Own a Duplex in Newport Beach,CA What Amount of Net Income from the Duplex Should Stephen

question 75

Multiple Choice

Stephen and Joy own a duplex in Newport Beach,CA.They live in one unit and rent the other to another couple.Their rental income for the year was $24,000.They incurred the following expenses for the entire duplex: $\begin{array}{lr}\text { Insurance } & \$, 000 \\\text { Maintenance } & 800 \\\text { Utilities } & 1,800 \\\text { Depreciation } & 4,000\end{array}$ What amount of net income from the duplex should Stephen and Joy report for the current year?

• A)$7,300
• B)$9,400
• C)$16,700
• D)$24,000

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Definitions:

Neurons

Specialized cells within the nervous system that transmit information through electrical and chemical signals.

Brain Growth

Refers to the process of development and maturation of the brain, including increases in size, complexity, and functional capacity.

Dendrites

The branched projections of a neuron that are responsible for conducting the electrical signals toward the cell body.

Synaptic Connections

The points of contact where two neurons communicate with each other, transmitting signals through the release of neurotransmitters.