When Calculating the Net Operating Income of a Property, It

question 15

Multiple Choice

When calculating the net operating income of a property, it is important to identify any expenses that will be incurred in attempts to maintain the property. All of the following would be considered operating expenses EXCEPT:

• A) Property taxes
• B) Property insurance premiums
• C) Mortgage payments
• D) Utility expenses

---

Definitions:

Exoskeleton

A rigid external covering for the body in some invertebrate animals, especially arthropods, providing both support and protection.

Bony Tissue

Hard tissue that makes up the skeletal bones in vertebrates, providing support, protection, and enabling mobility.

Echinodermata

A phylum of marine animals characterized by radial symmetry, a water vascular system, and typically a spiny skin.

Radially Symmetrical

A form of symmetry in which body parts are arranged around a central axis, allowing for symmetry in multiple planes.