Essentials of Federal Income Taxation COMPREHENSIVE PROBLEM puThe osts of the land the same size, with apartment building at 1626 Flat Street, Detroit, Michigan 48270-822sa two-unit and building were $10,000 and S41,250, respectively. Both apartments areo the one on the ground floor and the other upstairs. Janis has lived in the u she acquired the building. The tenant in the ground-loor apartment at the time thhul was purchased has continued to rent from Janis. The tenant pay June 30 the tenant moved out. The apartment was vacant until August advertised and attempted to rent it. On August 1, a new tenant moved in, paying rent of $400 per month. Rent is due on the first day of the month. Janis uses MACR to depreciate the rental portion of the building. Information on the apartment follows: 20. (Obj. 4) On January 2, 2000, Janis R. Jetson (SSN 344-46-5768) purchased pstairs ap artment sin s $350 a month in rent. On 1, even though Janis Revenue Rent from the first tenant (6 months x $350) Rent from the second tenant (5 months x $400) Total revenue $2,100 2,000 $4,100 Esxpenses Entire house: Real estate taxes Janitor and yard work Electricity and water Repairs Heat (gas) Interest on mortgage Insurance Expenses other than depreciation $1,700 160 440 300 800 1,100 376 $4,876 Ground-foor apartment: Advertising Cleaning and maintenance 100 420 70 $590 Repairs Upstairs apartment: Repairs Cleaning and maintenance 480 $570 In addition to the rental pro $17,600 in wages. From this amount, $660 of federal income tax was w earned $147 in interest from Bank ofAmerica. Tanis is single and has no dependents Janis Jetson's tax return. Janis is single and 68-years-old. Through Mt3 to go to health care coverage that complies with the ACA mandate. Janis does no the Presidential election campaign fund. She signs her return on Apri perty, Janis works as an administrative assistant an Janis receives want $3 to go to 10, 2018. Essentials of Federal Income Taxation COMPREHENSIVE PROBLEM puThe osts of the land the same size, with apartment building at 1626 Flat Street, Detroit, Michigan 48270-822sa two-unit and building were $10,000 and S41,250, respectively. Both apartments areo the one on the ground floor and the other upstairs. Janis has lived in the u she acquired the building. The tenant in the ground-loor apartment at the time thhul was purchased has continued to rent from Janis. The tenant pay June 30 the tenant moved out. The apartment was vacant until August advertised and attempted to rent it. On August 1, a new tenant moved in, paying rent of $400 per month. Rent is due on the first day of the month. Janis uses MACR to depreciate the rental portion of the building. Information on the apartment follows: 20. (Obj. 4) On January 2, 2000, Janis R. Jetson (SSN 344-46-5768) purchased pstairs ap artment sin s $350 a month in rent. On 1, even though Janis Revenue Rent from the first tenant (6 months x $350) Rent from the second tenant (5 months x $400) Total revenue $2,100 2,000 $4,100 Esxpenses Entire house: Real estate taxes Janitor and yard work Electricity and water Repairs Heat (gas) Interest on mortgage Insurance Expenses other than depreciation $1,700 160 440 300 800 1,100 376 $4,876 Ground-foor apartment: Advertising Cleaning and maintenance 100 420 70 $590 Repairs Upstairs apartment: Repairs Cleaning and maintenance 480 $570 In addition to the rental pro $17,600 in wages. From this amount, $660 of federal income tax was w earned $147 in interest from Bank ofAmerica. Tanis is single and has no dependents Janis Jetson's tax return. Janis is single and 68-years-old. Through Mt3 to go to health care coverage that complies with the ACA mandate. Janis does no the Presidential election campaign fund. She signs her return on Apri perty, Janis works as an administrative assistant an Janis receives want $3 to go to 10, 2018