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Amanda rents office space to Brian. She receives $13,350 during the current tax year from Brian for rent for the office space. The rent covers
Amanda rents office space to Brian. She receives $13,350 during the current tax year from Brian for rent for the office space. The rent covers eight months, from August 1 of the current year to March 31 of the following year. The amount also includes a security deposit of $1,875. How much should Amanda report as rental income in the current tax year?
Group of answer choices
$11,475
$13,350
$7,125
$1,575
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