Khuns Corporation, a personal holding company, reports the following:
Rental income $50,000
Depreciation 10,000
Interest expense 5,000
Real estate taxes 2,000
Maintenance expenses 5,000
Administrative expenses 5,000
Calculate Khuns Corporation's adjusted income from rents (AIR).

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The Answer of Khuns Corporation, a personal holding company, reports the following:
Rental income $50,000
Depreciation 10,000
Interest expense 5,000
Real estate taxes 2,000
Maintenance expenses 5,000
Administrative expenses 5,000
Calculate Khuns Corporation's adjusted income from rents (AIR).

Khuns Corporation, a Personal Holding Company, Reports the Following