Bob owns a rental property in Ottawa. His total income for 2019 was $1,200 per...
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Bob owns a rental property in Ottawa. His total income for 2019 was $1,200 per month. Bob has listed the following expenses for 2019; Mortgage Interest $ 3,400 Mortgage Principle $14,000 Maintenance and repairs $640 Property taxes $1,800 Replacement of Roof $12,500 Insurance $360 Alarm $300 Snow removal $800 What is Bobs net rental income before CCA for 2019 Question content area bottom Part 1 A. ($5,400) B. $7,100 C. ($19,400) D. $10,500
Bob owns a rental property in Ottawa. His total income for 2019 was $1,200 per month.
Bob has listed the following expenses for 2019;
Mortgage Interest $ 3,400
Mortgage Principle $14,000
Maintenance and repairs $640
Property taxes $1,800
Replacement of Roof $12,500
Insurance $360
Alarm $300
Snow removal $800
What is Bobs net rental income before CCA for 2019
Question content area bottom
Part 1
A.
($5,400)
B.
$7,100
C.
($19,400)
D.
$10,500
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