Across
- 5. What else must we determine, besides the ownership share of the mineral rights? _______ ________
- 6. In order for more than one income-producing nonbusiness property to be excludable, each property must __________ produce a 6% rate of return.
- 8. If the net annual ROR(rate of return) is less than 6% of the equity value, the __________ equity value is a countable resource.
- 9. What step on ROR Income Producing Property handout states "Calculate the equity value by subtracting the encumbrances from the current market value.
- 10. ________ of ownership interest in and resources must be verified.
- 11. What formula do we use that calculates 40 times the average monthly payout?
Down
- 1. A ______ of $6,000 may be excluded from the combined equity value of all properties producing a 6% net annual ROR.
- 2. ____________ property can be considered nonbusiness property.
- 3. The ___________ of a person's ownership of or interest in mineral rights is a resource.
- 4. If mineral rights are non-producing, assign a ______ value of $100.
- 7. Actual is greater than required...we ?
- 9. Source for verifying income. _____ _______
