Kate is an accrual basis, calendar-year taxpayer. on november 1, 2018, kate leased out a building for $4,500 a month. on that day kate received 7 months rental income on the building, a total of $31,500 ($4,500 × 7 months). how much income must kate include on her 2018 tax return as a result of this transaction? (a) 4,500 (b) 54,000 (c) 9,000 (d) 31,500 (e) none

Option (C) is correct.

Explanation:

Given that,

On November 1, 2018

Kate leased out a building = $4,500 a month

Received 7 months rental income = $31,500

Kate include on her 2018 tax return as a result of this transaction:

= Value of leasing out a building for a month × 2

= $4500 × 2

= $9,000

Therefore, the Kate include on her 2014 tax return as a result of this transaction = $ 9000

idk the answer so dont listen too me

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi