A Property That Produces an Annual NOI of $100,000 Was

question 39

Multiple Choice

A property that produces an annual NOI of $100,000 was purchased for $1,200,000.Debt service for the year was $95,000 of which $93,400 was interest and the remainder was principal.Annual depreciation is $38,095.What is the taxable income?

• A)$5,000
• B)$6,600
• C)−$31,495
• D)−$33,095

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Definitions:

Job Withdrawal

The process by which an employee disengages from their work role, which may manifest as absenteeism, reduced effort, or eventually leaving the job.

Emotional Withdrawal

A defense mechanism where an individual distances themselves emotionally from others or certain situations.

Physical Job Withdrawal

Actions taken by employees to distance themselves from their work tasks, often as a result of dissatisfaction or disengagement, such as taking extended breaks or excessive absenteeism.

Job Involvement

The degree to which people identify themselves with their jobs.