What is Mr. Bates' annual income after deductions?

Prepare for the Multifamily Housing Specialist Certification Test with flashcards and multiple-choice questions. Each question features hints and explanations to bolster your study. Get exam-ready now!

To determine Mr. Bates' annual income after deductions, $10,800 is the most logical choice based on a common deduction framework used in determining net income.

If we consider that annual income calculations typically begin with gross income and account for various deductions, arriving at $10,800 suggests that Mr. Bates likely had a gross income that was reduced by deductions typical for his situation, but still leaves a substantial amount.

Often, deductions can include but are not limited to taxes, retirement contributions, and health insurance premiums. The choice of $10,800 indicates that after these deductions, Mr. Bates retains a significant portion of his income, which can reflect typical earnings in the multifamily housing specialist field while aligning with the context of the question. Other figures, like $900, $9,900, and $11,700, don't fit typical deduction results as they suggest either an unrealistically low retention after deductions or an unrealistic figure above usual deduction thresholds. Thus, $10,800 stands out as a reasonable net income.

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