City,Inc. ,an exempt organization,has included among other amounts the following in calculating net unrelated business income of $500,000. Dividend income $12,000 Interest income 6,000 Royalty income 15,000 Rent income from equipment 25,000 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.

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The Answer of City,Inc. ,an exempt organization,has included among other amounts the following in calculating net unrelated business income of $500,000. Dividend income $12,000 Interest income 6,000 Royalty income 15,000 Rent income from equipment 25,000 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 Following