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1. 2. Mr. Lowns a rental property. Which of the following disbursement is deductible against his 20X4 rental revenue? Multiple Choice The mortgage interest paid
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Mr. Lowns a rental property. Which of the following disbursement is deductible against his 20X4 rental revenue? Multiple Choice The mortgage interest paid on the property. The cost of Mr. L's labour to repair the roof New highly efficient windows installed to save on heating costs. Landscaping completed and billed in 20x4 but paid in January of 20X5. When stock dividends are received by an individual, the amount... Multiple Choice Is subject to the regular gross-up and tax credit treatment. Is not taxable until the shares are sold, as no cash is initially received Is included in income, at an amount equal to the fair market value of the stock at the time of receipt Could be received in the form of shares of any company
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