What is the individuals net personal cash flow available for debt service if her personal...
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Accounting
What is the individuals net personal cash flow available for debt service if her personal tax return and financial statement report Wages and Salary of $90,000; Nontaxable Interest Income of $2,000; Taxable Interest Income of $1,000; nonrecurring capital gain of $8,000, showing cash proceeds of $10,000; Rental Real Estate Net Profit of $13,000; Real Estate Interest Expense of $7,000; and Annual Living Expense of $25,000? ** Must show calculation.
1) $113,000
2) $88,000
3) $121,000
4) $86,000
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