James owns a home in lake tahoe, nevada, that he rented for $4,600 for 40 days during the summer. he lived there for a total of 120 days, and the rest of the year the house was vacant. the expenses for the home included $6,000 in mortgage interest, $900 in property taxes, $1,300 in maintenance and utilities, and $2,500 in depreciation. what is his net income or loss from the rental of his home (without considering the passive loss limitation)? use the irs method for allocation of expenses. $0. $1,925 net income. $4,600 net income. $6,100 net loss.

What do economists mean when they use the latin expression ceteris paribus?

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.