Real Estate Math
A Wyoming property's net operating income is $38,000. Operating expenses are $22,000. What is the effective gross income?
A$54,000
B$58,000
C$60,000✓ Correct
D$62,000
Explanation
EGI = NOI + Operating Expenses = $38,000 + $22,000 = $60,000. Using the values given ($38,000, $22,000), apply the appropriate formula.. The correct answer is $60,000.. This is a common calculation on the Wyoming real estate exam.
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