Mort is the owner of an apartment building containing ten identical apartments. Mort resides in one apartment and rents out the remaining units. For 2016, the following information is available: What amount should Mort report as net rental income for 2016?
A) $12,750
B) $13,500
C) $13,750
D) $14,400
E) None of the above
Correct Answer:
Verified
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