Question 23 0 / 1 point Mike is single and has AGI of $275,000 including $30,000 of passive income and $50,000 of dividend income. How much of Mike's income is subject to the net investment income tax of 3.8%? $30,000. $50,000. $75,000 $80,000. Question 16 0/1 point Lonnie is considering the purchase of a rental property with several units. The property rents for $8,600 a month when all units are occupied. When all units are occupied, additional income from on-sight laundry facilities is expected to be $200 a month. The units are expected to be rented 85% of the year. Additional expenses associated with the property include real estate taxes of $10,000 a year, liability insurance of $3,500 a year, advertising expense of $1,500 a year, maintenance costs of $12,500 a year, depreciation of $20,500 a year, and interest expense on the property loan of $24,000 a year. If Lonnie's required rate of return on the property is 11%, what is the intrinsic value of the property? $62,260. $347.800. $547,455. $566,000