8. Kylie, Inc., an exempt organization, has included among other amounts the following in calculating net...

 

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8. Kylie, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000. Dividend income Interest income Royalty income Rent income from $12,000 6,000 15,000 equipment 25,000 The only expenses incurred associated with these items are rental expenses (which includes depreciation of $10,000) of $15,000. Calculate Kylie, Inc.'s UBTI. 8. Kylie, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000. Dividend income Interest income Royalty income Rent income from $12,000 6,000 15,000 equipment 25,000 The only expenses incurred associated with these items are rental expenses (which includes depreciation of $10,000) of $15,000. Calculate Kylie, Inc.'s UBTI.

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