Lana earns $135,000 per year as a mid-level manager. She also has some income from investment property.
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Lana earns $135,000 per year as a mid-level manager. She also has some income from investment property. She has $1,000 of interest and $2,000 of dividend income. She has $3,000 of pass through income from a limited partnership interest she owns. Finally, she has a loss of $10,000 from an apartment building she owns. Although she does hire part-time help with the apartment building, she makes all management decisions for the building. Lana’s adjusted gross income for the year is _____________
$131,000 | |
$141,000 | |
$138,000 | |
$132,000 |
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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