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Calculate Ms Robert minimum rental income

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Question - During 2021, Ms. Jessica Roberts owns a residential rental property. Rental receipts and expenses, not including CCA, for year ending December 31, 2021 are as follows:

124 Glengarry Avenue

Rental Receipts $50,400

Property Taxes 12,400

Interest Charges 24,000

Other Expenses (Not including CCA) 5,400

Maximum CCA for this building is calculated at $6,600

Required - Calculate Ms. Robert's minimum rental income for 2021?

Reference no: EM133060952

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