Question
1.) A property's gross annual income is $100,000. The vacancy factor is 5 percent, the operating expense ratio is 35 percent, the interest expense is
1.) A property's gross annual income is $100,000. The vacancy factor is 5 percent, the operating expense ratio is 35 percent, the interest expense is $50,000 and the depreciation allowance is $10,000. What is the taxable income?
a. $0
b. $10,000
c. $60,000
d. $100,000
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Slavery And American Economic Development
Authors: Gavin Wright
1st Edition
0807152285, 9780807152287
