Joyful,Inc. ,a tax-exempt organization,leases a building and machinery to White Partnership.The rental income from the building is $150,000,with related expenses of $60,000.The rental income from the machinery is $13,500,with related expenses of $4,500.What adjustment must be made to net unrelated business income?

Question

Quizplus · Accepted Answer

The Answer of Joyful,Inc. ,a tax-exempt organization,leases a building and machinery to White Partnership.The rental income from the building is $150,000,with related expenses of $60,000.The rental income from the machinery is $13,500,with related expenses of $4,500.What adjustment must be made to net unrelated business income?