Unit 9: True/False 1. T F Managers should find the best price for a computer and then buy the software to go on it. 2. T F Net operating income is collectible income minus operating costs before debt service. 3. T F An employer is responsible for withholding income taxes and paying a portion of the employees social security taxes. 4. T F A career track in property management often means moving from leasing agent to resident manager to field supervisor. 5. T F Current and expired leases should be filed together, by building. 6. T F A management pricing worksheet is useful when calculating charges for a condominium community. 7. T F Versatility is the most basic qualification of any person working in property management. 8. T F The capitalization rate indicates the level of risk. 9. T F A tax credit is an expense item like depreciation. 10. T F A budget forecast should be based on anticipated rental increases. Unit 9: True/False 1. T F Managers should find the best price for a computer and then buy the software to go on it. 2. T F Net operating income is collectible income minus operating costs before debt service. 3. T F An employer is responsible for withholding income taxes and paying a portion of the employees social security taxes. 4. T F A career track in property management often means moving from leasing agent to resident manager to field supervisor. 5. T F Current and expired leases should be filed together, by building. 6. T F A management pricing worksheet is useful when calculating charges for a condominium community. 7. T F Versatility is the most basic qualification of any person working in property management. 8. T F The capitalization rate indicates the level of risk. 9. T F A tax credit is an expense item like depreciation. 10. T F A budget forecast should be based on anticipated rental increases