Question: Emil Gow owns a two-family house that has two identical apartments. Gow lives in one apartment and rents out the other. In 2010, the rental

Emil Gow owns a two-family house that has two identical apartments. Gow lives in one apartment and rents out the other. In 2010, the rental apartment was fully occupied and Gow received

$7,200 in rent. During the year ended December 31, 2010, Gow paid the following:

Real estate taxes $6,400 Painting of rental apartment 800 Annual fire insurance premium 600 In 2010, depreciation for the entire house was determined to be $5,000.

What amount should Gow include in his adjusted gross income for 2010?

a. $2,900

b. $ 800

c. $ 400

d. $ 100

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