Bob owns a rental property in Ottawa. His total income for 2019 was $1,200 per month.

Bob has listed the following expenses for 2019;

Mortgage Interest $ 3,400

Mortgage Principle $14,000

Maintenance and repairs $640

Property taxes $1,800

Replacement of Roof $12,500

Insurance $360

Alarm $300

Snow removal $800

What is Bobs net rental income before CCA for 2019

Question content area bottom

Part 1

A.

($5,400)

B.

$7,100

C.

($19,400)

D.

$10,500