rnandez is the owner of 20 units of one-bedroom residential apartments which are leased out at a monthly rental of P14,000, and 15 units of two-bedroom apartments which are leased out at a monthly of P17,000. All the said units were leased out throughout the whole calendar year 2020. How much is the VAT on the gross receipts of Mr. Hernandez for the year
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Hilario Hernandez is the owner of 20 units of one-bedroom residential apartments which are leased out at a monthly rental of P14,000, and 15 units of two-bedroom apartments which are leased out at a monthly of P17,000. All the said units were leased out throughout the whole calendar year 2020. How much is the VAT on the gross receipts of Mr. Hernandez for the year?
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- Rex rents out his vacation home for 10 months and lives in his vacation home for the remainder of the year. His gross rental income for 2020 is $8,600. The expenses attributable to the vacation home for the entire year are as follows: Real estate taxes $2,500 Interest on mortgage loan 3,800 Utilities 1,000 Repairs/maintenance 800 Depreciation 3,500 What amount would Rex report as net income or loss from the rental of the vacation home?Sally owns a rental house. Her house income is 1000 a month. The expenses for the year are as follows: mortgage interest 3600, property tax is 1545, property manager is 1200, insurance 400, cleaning and maintenance 600 repairs 55 and depreciation 2000. What is Sally's net income loss from the rental property?Peter was receiving rental payments of $1,050 at the end of each month from his tenants of his commercial property What would be the value of his property in the market if he wants to sell it, assuming money earns 4.4% compounded quarterly?
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- The monthly mortgage payment on Flynn‘s home is 690,084. Additionally they pay 1,598.57 in annual Real estate taxes and $627 per year in homeowners insurance what is the total amount of their entire monthly paymentIn 2020, Mr. Pacino was employed as account officer in a non-life insurance company. He received P8,000 basic monthly salary. In addition, he gets 5% of gross premium as commission on policies issued under his account. In 2020, gross premiums under his account totaled P4.2 million. He is likewise entitled to representation allowance of P1,000 a month. How much is to be included as gross income in 2020? Select one: а. Р318,000 b. exempt С. Р306,000 d. P96,000Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $6,000. Total real estate taxes for the home are $950, and interest on the home mortgage is $3,000. Annual utilities and maintenance expenses total $1,800, and depreciation expense is $4,500. Calculate Sherry's net income (or loss) from the vacation home for this tax year. Base allocation on number months, rather than days. Rental income $fill in the blank 1 Expenses: Real estate taxes $fill in the blank 2 Mortgage interest fill in the blank 3 Utilities and maintenance fill in the blank 4 Depreciation fill in the blank 5 fill in the blank 6 Net rental income (loss) $fill in the blank 7
- A prospective homeowner knows that the monthly mortgage payment on a house that is for sale will be $738. The current owner says that the annual property tax bill for the upcoming year has been set at $2,542 and will not be reassessed until next year. Fire insurance is supposed to be the same as last year, $900. What would be the prospective homeowner’s total monthly costs for the mortgage, property tax, and insurance bills?Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $6,000. Total real estate taxes for the home are $950, and interest on the home mortgage is $3,000. Annual utilities and maintenance expenses total $1,800, and depreciation expenses is $4,500. Calculate Sherry's net income (or loss) from the vacation home for this tax year. Rental Income: Expenses Real Estate taxes: Mortgage Interest: Utilities and maintenance: Depreciation: Net rental Income:The annual insurance premium on Maria's home is $1,958 and the annual property tax is $1,432. If her monthly principal and interest payment is $1,613, find the adjusted monthly payment including principal, interest, taxes, and insurance (PITI). PITI= $ (Round to the nearest cent as needed.)