Lester rents his vacation home for 6 months and lives in the home during the other 6 months of 2018. the gross rental income from the home is $4,500. for the entire year, real estate taxes are $800, interest is $3,000, utilities and maintenance expenses are $2,200, and depreciation expense on the entire home would be $4,000. what is lester's allowable net loss from renting his vacation home?

$ 500

Step-by-step explanation:

Data provided:

Gross rental income from the home = $ 4,500

Real estate taxes for the year = $ 800

Interest per year = $ 3,000

Utilities and maintenance expenses = $ 2,200

Depreciation expense = $ 4,000

Now, for 6 months

Real estate taxes for the year = $ 800 × 0.5 = $ 400  (0.5 as the for half a year i.e 6 months)

Interest per year = $ 3,000 × 0.5 = $ 1500

Utilities and maintenance expenses = $ 2,200 × 0.5 = $ 1,100

Depreciation expense = $ 4,000 × 0.5 = $ 2,000

Thus,

Total expenses for 6 months = $ 400 + $ 1500 + $ 1,100 + $ 2,000 = $ 5000

Therefore,

Net loss from renting his vacation home = Total expenses - Gross income

or

Net loss from renting his vacation home = $ 5000 - $ 4500 = $ 500

the multiples of 15 are 15, 30,45, 60, 75, 90, 105, 120, 135, 150, 165, 180, 195,   210, 225, 240, 255, 270, 285, 300, 315, 330, 345, 360, 375,   390, 405, 420, 435, 450, 465, 480, 495, 510, 525, 540, 555, 570, 585, 600, 615, 630, 645, 660, 675, 690, 705, 720, and 735.

the factors of 15 are 1, 3, 5, and 15.

hope that , fam!

-une, your fren : )