Becky is a cash basis taxpayer with the following transactions during her calendar tax year: Cash basis revenue $54,000 Cash basis expenses, except rent 25,000 Rent expense (paid on December 1) for use of a building for 24 months 24,000 What is the amount of Becky's taxable income from her business for this tax year?

$28,000

Explanation:

Calculation for the amount of Becky's taxable income from her business for this tax year

Taxable income=$54,000 - $25,000 - ($24,000 / 24 months × 1 month)

Taxable income=$54,000 - $25,000 - $1,000

Taxable income=$28,000

Therefore the amount of Becky's taxable income from her business for this tax year will be $28,000

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;