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22Joachim has a rental house that was rented beginning January 1 in the current tax year. On January 1, the tenant paid Joachim a $1,550

22Joachim has a rental house that was rented beginning January 1 in the current tax year. On January 1, the tenant paid Joachim a $1,550 security deposit plus $875 rent for January and $875 rent for the last month, whenever that occurs. The tenant timely paid the $875 monthly rent each of the remaining eleven months. How much rental income will Joachim report for the current year?

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