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En Hafiz received RM900 per month for his house rented out since 2001. He incurred the following expenses during the year 2015:
Quit rent 320Assessment 850Insurance premium - Personal Accident 430 Theft and Fire on the house let out 720Bank repayment (including interest RM1800) 8100Repairs and maintenance 320
Required;
Problem 1: Compute the adjusted income from rent source for the YA 2015.
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