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Robert pays rent of $340 per week for a house, as claimed on a rent certificate. There are 2 exchange students also living in Robert's house, each paying Robert $90 per week for board and lodging. As it could not be determined how much was for lodgings, the two-thirds rule was applied and $60 per week is for lodging.
Assessment
Robert’s net rent is $220 per week ($340 - $120 for lodgings). |