Question
Peter is a Methodist minister. He received $50,000 in wages with $14,500 designated as rental allowance. Peter had the following expenses: Rent Electric Water/sewer Lawn
Peter is a Methodist minister. He received $50,000 in wages with $14,500 designated as
rental allowance.
Peter had the following expenses:
Rent Electric
Water/sewer
Lawn care
$11,000 $2,800 $1,100 $2,500
How much can Peter exclude from income?
a) $17,400 b) $16,300 c) $14,900 d) $14,500
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Financial And Management Accounting An Introduction
Authors: Pauline Weetman
8th Edition
1292244410, 978-1292244419
