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Mort Is the Owner of an Apartment Building Containing Ten

question 94

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Mort is the owner of an apartment building containing ten identical apartments. Mort resides in one apartment and rents out the remaining units. For 2016, the following information is available: What amount should Mort report as net rental income for 2016?
Mort is the owner of an apartment building containing ten identical apartments. Mort resides in one apartment and rents out the remaining units. For 2016, the following information is available: What amount should Mort report as net rental income for 2016?   A) $12,750 B) $13,500 C) $13,750 D) $14,400 E) None of the above


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