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2 years ago

Bert just purchased his first property. to what level(s) of government will bert have to pay real estate taxes?

Business

1 answer:

pantera1 [17]2 years ago

3 0

After purchasing his first property, Bert will have to pay real estate taxes to county and local government.

If one owns a home, they are likely familiar with real estate taxes. It can even be called property taxes. Real estate taxes are annual taxes which a homeowner must pay on the assessed value of their house. Thus, the amount of real estate taxes you pay will depend on how much your home is valued as well as the part of the country you live in.

Local governments determine tax rates of one's property. Thus, once an owner owns a property in any city or country, the owner of a real estate property will have to pay taxes to the county and local government.

Hence, Bert will have to pay real estate taxes to county and local government after purchasing a property.

To learn more about real estate taxes here:

brainly.com/question/1071362

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Alex is a self-employed dentist who operates a qualifying office in his home. Alex has $180,000 gross income from his practice a

lubasha [3.4K]

Answer:

The correct answer is $20,000.

Explanation:

According to the scenario, the given data are as follows:

Gross income = $180,000

Business expense = $160,000

Mortgage interest and property taxes expense = $14,000

Other home office expense = $9,000

So, we can calculate the total allowable home office deduction by using following method:

As we know, first we have to deduct the business expense from the gross income and than if there any net income left than other expense can be deducted.

Hence,

= Gross income - Business expense

= $180,000 - $160,000

= $20,000

5 0

3 years ago

Assume you are the manager of a small firm that is dependent on a large manufacturing customer that uses the resource-dependence

xeze [42]

Answer:

Resource dependence perspective of the organization assist an organization in reducing the extent of risk involved in operating environment.

Explanation:

Managers should always try to succeed and survive on their own and reduce the dependence on other organisation.

If i were the firm, the action i would take to succeed and survive includes;

1. By maintaining good relations with the labor and treat them right. this way, they wouldn't feel the need to find another job.

2. The Small firm should also maintain a good relation with the larger firm. and the small firm can also introduce innovative products. so as to increase turnover, higher profit rate and expansion.

Futhermore, Larger companies can assume role as product distributors and business partners. both the large firm and small firm can broaden their global prospects by forming partnership that capitalise on their complementary strengths. at the same time respecting the independence of each.

4 0

3 years ago

During a recent month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec

prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0

3 years ago

Ace electronics purchased a $35,000 delivery truck in exchange for a 4-year promissory note. the journal entry to record this tr

IgorLugansk [536]

Debit to Equipment

Credit to Note Payable this transaction would include $35,000.

<h3>Which account titles are indented when journal entries are made?</h3>

A Credit Account

The credit account title(s) are always centered on the right after the debit account titles.

Below the debit accounts, the credit account names will be indented.

You'll at least have one debit (possibly more).

Journals are specialized forms that accountants use to record their financial transactions.

The first place information is entered into the accounting system is in a journal.

Because it is where data first enters the system, a journal is frequently referred to as the "book of original entry."

A journal maintains a historical record of all recordable transactions that the business has been involved in. In other words, a journal is a type of business diary.

We refer to the act of entering information into a journal as journalizing the entry.

The second stage of the accounting cycle is journaling the entry.

To learn more about transactions, refer

to brainly.com/question/26725354

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4 0

1 year ago

Pam runs a mail-order business for gym equipment. Annual demand for TricoFlexers is 14,000. The annual holding cost per unit is

AleksAgata [21]

Answer:

economic order quantity (EOQ) = √(2SD/H)

S = order cost = 65
D = annual demand = 14,000
H = holding cost = 3.75

EOQ = √[2 x 65 x 14,000) / 3.75] = 696.66 ≈ 697 units

if demand increases to 28,000, then:

EOQ = √[2 x 65 x 28,000) / 3.75] = 985.22 ≈ 985 units

4 0

3 years ago