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Author Question: Tyler has rented a house from Camarah since last year. The rent is usually $1,200 per month, but ... (Read 63 times)

anjilletteb

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Question 1

Thomas purchased an annuity for $20,000 that will pay him $500 per month for ten years. What amount should Thomas include in his income each year?
◦ $0
◦ $2,000
◦ $4,000
◦ $6,000

Question 2

Tyler has rented a house from Camarah since last year. The rent is usually $1,200 per month, but Camarah reduced the monthly rent down to $200 for all twelve months this year in exchange for Tyler putting in an inground pool in the backyard. The improvement has a fair market value of $20,000. How much total rental income must Camarah report this year?
◦ $14,400
◦ $12,000
◦ $2,400
◦ $22,400


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Marked as best answer by anjilletteb on Sep 13, 2020

fatboyy09

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anjilletteb

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


kusterl

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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