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Business, 04.08.2021 01:50 SAMANTHA8997

An owner of an apartment complex needs to compute taxable income (TI) from operations for the preceding year. The effective gross income (EGI) was $55,000; operating expenses were $19,000; there were no capital expenditures; debt service was $16,662, of which $15,000 was interest; and the deprecation deduction was $17,000. Compute the taxable income from operations:

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