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Compute the adjusted income from rent source

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Reference no: EM132780467

En Hafiz received RM900 per month for his house rented out since 2001. He incurred the following expenses during the year 2015:

Quit rent 320
Assessment 850
Insurance premium - Personal Accident 430
Theft and Fire on the house let out 720
Bank repayment (including interest RM1800) 8100
Repairs and maintenance 320

Required;

Problem 1: Compute the adjusted income from rent source for the YA 2015.

 

Reference no: EM132780467

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