Respuesta :
Net income is $73,500 minus $52,300 or $21,200. The value of the building is calculated by dividing net income ($21,200) by the rate of return (11%), which, in this case, is $192,727.27.
What is Gross Income?
- Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.
- Your salary, dividends, capital gains, company revenue, retirement payouts, and other sources of income are all included in your gross income. Adjustments to income can be made for things like tuition costs, interest on student loans, alimony payments, or contributions to retirement accounts.
- Your IRS Form 1040 contains information about your adjusted gross income. Your AGI appears on line 11 of your Form 1040 for your 2021 federal tax return.
- The amount paid to an employee in a month before taxes or other deductions is known as gross monthly income.
What is the value of the building?
Net income is $73,500 minus $52,300 or $21,200. The value of the building is calculated by dividing net income ($21,200) by the rate of return (11%), which, in this case, is $192,727.27.
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