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avanturin [10]
2 years ago
9

On your property tax bill, you see the following table. destination share of your taxes roads $241 schools $896 public safety $1

54 township $177 what percentage of your taxes went to funding public safety? a. 10.49% b. 12.06% c. 11.72% d. 8.94% please select the best answer from the choices provided a b c d
Business
1 answer:
DaniilM [7]2 years ago
5 0

As per the property tax bill received by the person, such person pays around 10.49% of his total tax liabilities towards funding the public safety if $154 are paid.

<h3>What are tax liabilities?</h3>

Tax liabilities are the amount of tax that an eligible taxpayer is under an obligation to pay to the respective tax-collecting authorities.

As per the given information, it has been computed that a person pays a total tax of around $1468 and public safety taxes that are paid are $154.

Computation of the proportion of percentage of public safety out of the total tax liabilities is shown as below,

\rm Tax\ in\ Percentage\ towards\ Public\ Safety= \dfrac{Public\ Safety\ Tax}{Total\ Tax\ Liabilities}x\ 100\\\\\rm Tax\ in\ Percentage\ towards\ Public\ Safety= \dfrac{154}{1468} x\ 100\\\\\rm Tax\ in\ Percentage\ towards\ Public\ Safety= 10.49\%

Hence, option A; the person pays around 10.49% of his total tax liabilities towards funding the public safety if he pays $154 for tax liabilities of $1468.

Learn more about tax liabilities here:

brainly.com/question/15394738

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Mekhanik [1.2K]

Answer:

There are multiple theories, nobody can be 100 percent sure how but here are 2 main theories:

Explanation:

-Lightning strikes a nearby tree, which catches fire. Frightened but inspired, these cavemen venture out, bring burning sticks back into their cave and learn to use fire.

-They may have used pieces of flint stones banged together to created sparks. They may have rubbed two sticks together generating enough heat to start a blaze.

6 0
3 years ago
The Jones are a married couple and have always filed joint tax returns. On May 18, 2017, the couple was assessed with tax defici
Katena32 [7]

Answer:

c. May be able to avoid liability to the extent she had no reason to know of the deficiency (and did not have actual knowledge) when filing the return. The burden of proof will be on her.

Explanation:

The doctrine of <em>innocent spouse relief</em> might apply here. Mrs. Jones will have to prove that:

  1. the income that was omitted was earned by her husband, not her.
  2. she must prove that when she signed the tax filings, she was not aware of the omission.
  3. after examining all the facts surrounding the omission, the IRS must decide that blaming her would not be fair.

8 0
3 years ago
At a price of $5, Sam buys 10 units of a product; when the price increases to $6, Sam buys 8 units. Martha says Sam's demand has
forsale [732]

Based on the information given, Martha is incorrect. Sam's quantity demand has decreased.

<h3>What is demand?</h3>

Demand means the quantity of a good and services that consumers are willing and able to buy at various prices during a given period of time

In this case, Martha is incorrect. This is because Sam's quantity demanded has decreased, and his demand has not changed.

Learn more about demand on:

brainly.com/question/1245771

5 0
2 years ago
What are the main advantages and disadvantages of organizing a firm as a​ corporation? the advantages​ are: ​(select all the cho
Elena L [17]

I believe the answers are:

a. there is no limit on the number of owners a corporation may​ have, thus allowing the corporation to raise substantial amounts of capital.

They do this by selling shares on the stock market. When the shares is sold in this place, every individuals who can afford the price of  a single share are eligible to be part owner of the corporation.

b. the life of the business can continue beyond the death of any of the owners.

In corporations, when one of the owners somehow died, the ownership of the corporations would be transferred to the person whould receive the inheritence (usually immdediate family members)

c. the corporation can use the assets of the owners to pay for corporate liabilities.

This happen during the liquidation process. To pay for corporate liabilities, owners had to sell their assets with the equal value of their percentage of their ownership times the amount of liabilities.

4 0
3 years ago
Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1
Mamont248 [21]

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense       $25,400

Bonds payable                      $254,000

          Cash                                                  $279,000

On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash                                        $254,000

          Bonds payable                                  $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1)          $25,400

          Cash                                                                                  $25,400


8 0
3 years ago
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