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Emir has a rental house that was rented beginning January 1 in the current tax year. On January 1, the tenant paid Emir a $1,200
Emir has a rental house that was rented beginning January 1 in the current tax year. On January 1, the tenant paid Emir a $1,200 security deposit plus $1,100 rent for January and $1,100 rent for the last month, whenever that occurs. The tenant timely paid the $1,100 monthly rent each of the remaining eleven months. How much rental income will Emir report for the current year?
$13,200
$13,300
$14,300
$15,500
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