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

Question

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

Quizplus · Accepted Answer

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

Khuns Corporation,a Personal Holding Company,reports the Following Calculate Khuns Corporation's Adjusted Income from Rents (AIR)