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29 March, 00:32

Selma owns a beach cottage that she rents to tourists. In the current year she rented the cottage for 90 days. What is the maximum number of days Selma can use the cottage before her expense deduction will be limited to her gross rental income?

(A) 0 days

(B) 9 days

(C) 14 days

(D) 18 days

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Answers (1)
  1. 29 March, 03:57
    0
    correct answer is option (B) 9 days

    Explanation:

    given data

    rent cottage = 90 days

    solution

    When assets and anything that is on rent in that case rent is receive. that is get on basis of day of letting rent and it is income for the company

    Selma use cottage maximum of 14 day or 10% of the rental day

    10% of 90 day is 9 day

    correct answer is option (B) 9 days
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