Liz, who is single in 2018, lives in a single family home and owns a second single family home that she rented for the entire year at a fair rental rate. Liz had the following items of income and expense during the current year.
Income:
Expenses:
A) $64,300
B) $53,200
C) $62,200
D) $68,000
Answer: C) $62,200
Business
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