Jackson owns a condominium in Las Vegas, Nevada, and he rents it to Joanne for $1,500 per month, payable on the 1st of each month. While he was out of town in August, the condominium's air conditioning broke and Joann had it replaced for $1,350. How much rental income does Jackson report for September if Joanne deducts the repair cost from her rent for September?
A) $0.
B) $150.
C) $1,350.
D) $1,500.
Correct Answer:
Verified
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