Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank

Exercise 3

Last year, an investor in rental property had gross income of $160,000 with the following expenses: maintenance $22,000, insurance $5000, management $10,000, utilities $16,000, and debt service (interest) 9,000. Income taxes totaled $8000. What was the net operating income for the year