Suhaime derived rental income of $72,000 for the year 2022. What is the maximum deductible expenses that Suhaime can claim against rental income from the following expenses incurred in year 2022?

(i)     Property tax of $4,500.
(ii)    Property maintenance expense of $10,500.
(iii)  Repair of air-conditioners in investment property costing $800.
(iv)  Replacement of refrigerator ($1,900) as requested by tenant as existing refrigerator is beyond repair.

Group of answer choices

A) $10,500.

B) $15,000.

C) $16,900.

D) $17,700.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Option C 16900 Explanation Deductible ... View the full answer