Question
An investor has a taxable income of $127913. He has an investment property which earns $20773 in rental income and incurs $35426 in expenses, including
An investor has a taxable income of $127913. He has an investment property which earns $20773 in rental income and incurs $35426 in expenses, including maintenance, local council rates, land tax and interest on a mortgage loan. What is his total income tax payable (excluding the 2% Medicare surcharge)?
a.$25276
b.$27276
c.$26276
d.$30276
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Introduction to Algorithms
Authors: Thomas H. Cormen, Charles E. Leiserson, Ronald L. Rivest
3rd edition
978-0262033848
