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Mikhail has a rental house that was rented beginning January 1st in the current tax year. On January 1, the tenant paid Mikhail a $1600
Mikhail has a rental house that was rented beginning January 1st in the current tax year. On January 1, the tenant paid Mikhail a $1600 security deposit plus $800 rent for January and $800 rent for the last month whenever that occurs. The tenant timely paid the $800 monthly rent for each of the remaining 11 months. How much rental income will Mikhail report for the current year
$9600
$10,400
$11,200
$12,000
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