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1 year ago

The Smith home has an assessed value of $64,120, and their tax rate is 3.2%. What is their annual tax bill?

1 answer:

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With the assessed value of $64,120, and tax rate of 3.2%, the annual tax bill the Smith's expect to pay is $2,051.84.

Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses.
Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
Taxes are borne by whoever bears the cost of the tax in economics, whether this is the entity being taxed, such as a business, or the final users of the items produced by the business.

Taxes should be taken into consideration from an accounting standpoint, including payroll taxes, federal and state income taxes, and sales taxes.

Simply multiplying the value and rate, we get the annual tax as $2,051.84.

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lozanna [386]

Answer: Option A

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They have the right to select the auditor and board of directors but they cannot interfere with the management decisions. This right stands in the domain of the top managers which are appointed by these shareholders.

Thus, we can conclude that the correct option is A .

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2 years ago

Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials

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<h3>What are manufacturing costs?</h3>

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2 years ago

How can international trade agreements lead to economic growth

LUCKY_DIMON [66]

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2 years ago

The current property taxes on a parcel are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is t

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Answer:

$1,743.25 divide 360 =$4.84 taxes per day

prorate jan1-aug12=222days

222x4.84=$1,074

Explanation:

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3 years ago

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Answer:

First option is the right choice.

Explanation:

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3 years ago