Web5. during the year (not a leap year), anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the following income and expensive Rent income $7000 Expenses Real estate taxes 2500 Interest on mortgage 9000 Utilities 2400 Repairs 1000 Roof replacement (a capital expenditure) 12000 WebDec 26, 2024 · She had the following income and expenses: Rent income $ 7,000Expenses Real estate taxes 2,500Interest on mortgage 9,000Utilities 2,400Repairs 1000Roof replacement (a capital expenditure) 12000Depreciation $ 75,00If an answer is zero, enter "O". Assume 365 days in a year. Required:a.
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WebAccounting questions and answers. During the year, Anastasia rented her vacation home for 48 days, used it personally for 12 days, and left it vacant for 305 days. She had the … WebQuestion: During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the following income and expenses: Rent income $7,000 …
WebDuring the year (assume 365 days), Anna rented her vacation home for 87 days, used it personally for 13 days, and left it vacant for 265 days. She had the following income and expenses: -Rent income $7,000 -Real estate tax expense $2,500 -Interest on mortgage $9,000 -Utilities $2,400 -Repairs $1,000 -Roof Replacement (a capital expenditure) $12,000 WebDuring the year, Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the following income and expenses: Rent income$7,000Expenses Real estate taxes2,500Interest on mortgage9,000 Utilities2,400 Repairs1,000 Roof replacement (a capital expenditure)12,000Depreciation7,500 a.
Web1 day ago · Year-over-year increases dipped to 2%, the lowest yearly growth in 20 months and the sixth consecutive month of single-digit increases, according to Rent.com The national median rent is $1,937 ... WebIn connection with this activity, he has the following expenses during the year: Rent $31,500 Bribes 47,250 Travel expenses 3,150 Utilities 18,900 Wages 371,750 Payroll taxes 15,750 Property insurance 1,575 Illegal kickbacks 28,350 Vella's total deductible expenses for tax purposes are 442,625 Stanford owns and operates two dry cleaning businesses.
WebJul 1, 2024 · During 2024 the partnership earned net income of $60,000, and Gomez made drawings of $15,000 while Inez made drawings of $20,000. Instructions (a) Assume the partnership income-sharing agreement calls for income to be divided 55% to Gomez and 45% to... Jun 29 2024
WebOct 21, 2024 · During the year (not a leap year), Anna rented her vacation home for 87 days, used it personally for 13 days, and left it vacant for 265 days. She had the … darebin city council parkingWeb1 day ago · LOS ANGELES — A teenage boy was killed in an attempted robbery late Tuesday, according to police. The incident occurred around 10:30 p.m. at Seventh Street and Vermont Avenue in the Koreatown ... birth rate in china 2022WebIn connection with this activity, he has the following expenses during the year: Rent $24,000 Bribes $40,000 Travel Expenses $4,000 Utilities $18,000 Wages $230,000 Payroll Taxes $13,800 Property Insurance $1,600 Illegal Kickbacks $22,000 What are Vella’s total deductible expenses for tax purposes? darebin city council mayorWebSo, Anna' taxable net rent income : Amount ($) Gross income 7000 Deduct : Taxes & Interest (30/50*11500) (6900) Remainder 100 Utilities & Repairs [30/50* (2400+1000)] = … darebin city council tipWebBusiness Accounting During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the … darebin city council vacanciesWebThe owner of rental property personally uses it 28 days during the year. The home is advertised for rent during the entire year, but sat unused for 200 days during the year. It was used the rest of th; Selma owns a beach cottage that she rents to tourists. In the current year, she rented the cottage for 90 days. darebin city council meetingsWebJun 17, 2008 · During 2006 Anna rented her vacation home for 45 days, used it personally for 20 days, and left it vacant for 300 days. She had the following income and Expenses pertaining to the vacation property: Rental Revenue &nb sp; $ 7,000 Expenses: Real Estate Taxes ; 2,500 Mortgage Interest &n bsp; 9,000 Utilities & nbsp; ; 2,400 Repairs &nb sp; … birth rate india