City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000.
$\begin{array}{lr}
\text { Dividend income } & \$ 12,000 \
\text { Interest income } & 6,000 \
\text { Royalty income } & 15,000 \
\text { Rent income from equipment } & 25,000
\end{array}$
The only expenses incurred associated with these items are rental expenses (which includes depreciation of
$10,000) of $15,000. Calculate City, Inc.'s UBTI.

Question

City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000.
 $\begin{array}{lr}
\text { Dividend income } & \$ 12,000 \
\text { Interest income } & 6,000 \
\text { Royalty income } & 15,000 \
\text { Rent income from equipment } & 25,000
\end{array}$ 
The only expenses incurred associated with these items are rental expenses (which includes depreciation of
$10,000) of $15,000. Calculate City, Inc.'s UBTI.

Quizplus · Accepted Answer

The Answer of City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000.
 $\begin{array}{lr}
\text { Dividend income } & \$ 12,000 \
\text { Interest income } & 6,000 \
\text { Royalty income } & 15,000 \
\text { Rent income from equipment } & 25,000
\end{array}$ 
The only expenses incurred associated with these items are rental expenses (which includes depreciation of
$10,000) of $15,000. Calculate City, Inc.'s UBTI.

City, Inc, an Exempt Organization, Has Included Among Other Amounts the the Following