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lana [24]
3 years ago
13

A homesteaded property is located in Pensacola, Florida, in Escambia County. The city tax rate is 8.8 mills, the county tax rate

is 9.2 mills, and the school district tax rate is 6.5 mills. The homeowner is a widower and has qualified for homestead exemption. The home has been assessed at $183,500.. How much will the owner pay in property taxes?
Business
1 answer:
WITCHER [35]3 years ago
5 0

Answer:

$3,445.50

Explanation:

Florida's homestead exemptions reduce $25,000 to a property's assessed value and applies to all property taxes: county, city and school district. A $25,000 additional exemption also applies for county and city taxes only.

For calculating school district taxes we must subtract $25,000 from the assessed value = $183,500 - $25,000 = $158,500, now we divide by $1,000 to calculate the mills = $158,500 / $1,000 = 158.5 which we must round up to 159.

To determine county and city taxes we should subtract 25 mills (equivalent to another $25,000 in homestead exemption) = 159 - 25 = 134

county taxes = 134 mills x $9.20 per mill = $1,232.80

city taxes = 134 mills x $8.80 per mill = $1,179.20

school district taxes = 159 mills x $6.50 per mill = $1,033.50

total property taxes = $1,232.80 + $1,179.20 + $1,033.50 = $3,445.50

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A top executive at IBM shared with his friends some "inside" information that allowed them to engage in very profitable stock tr
Delicious77 [7]

Answer:

This is a case of low moral intelligence,option A.

Explanation:

Moral intelligence is the ability to differentiate right from wrong as well as acting based on what one thinks is right.

Moral intelligence is a function of one's uprightness and envisaging the consequences of an action.

All in all, the top executive should have known that the information about his stock performance is a classified information not meant for everyone's consumption,hence his moral intelligence at the lowest ebb.

3 0
3 years ago
"Chang is the art director at Idlewild Graphic Design. The firm recently acquired a new client, Palomino Film Productions. They
Marina86 [1]

Answer:

Democratic leadership

Explanation:

Democratic leadership defines that the leader motivates his subordinates to come up with suggestions and alternatives for a specific issue. Then, based on the number of votes received from his group members, he chooses the best choice for a specific alternative choice.

Therefore according to the given situation, Chang meets with his whole team who is a specialist team in designing and find out the ideas for which they implement on the project. Designers bring concepts with them and everybody votes. So this style of Chang is called Democratic leadership.

3 0
3 years ago
Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $ 29,000 Direct labor
skad [1K]

Answer: $178,000

Explanation:

The following information can be derived from the question:

We have to first calculate the total manufacturing cost. This will be:

Direct material 29000

Add: Direct labor 58000

Add: manufacturing overhead 82000

Then the manufacturing cost will be:

= 29000 + 58000 + 82000

= 169000

We then add the beginning work in progress and then subtract the ending work in progress. This will be:

Manufacturing cost = 169000

Add: Beginning WIP = 66000

Less: Ending WIP = 57000

= 169000 + 66000 - 57000

= $178,000

7 0
3 years ago
Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all cos
Juli2301 [7.4K]

Answer:

WIP inventory       68,000 debit

Factory Overhead   8000 debit

     Raw Materials Inventory   76,000 credit

WIP inventory         55.000 debit

Factory Overhead  12,400 debit

  Factory Payroll payable       77,400 credit

WIP inventory       31,250 debit

   Factory overhead      31,250 credit

Finished Goods Inventory 73,750 debit

           WIP inventory              73,750 credit

Explanation:

<em><u>Direct Materials used:</u></em>

10,000 + 20,000 + 24,000 + 14,000 = 68,000

<em><u>Direct Labor used:</u></em>

8,000 + 17,000 + 18,000 + 12,000 = 55,000

<u>Overhead Applied:</u>

6,000 + 12,750 + 13,500 + 9,000 = 31,250

Overhead rate:

6,000 /  8,000 =  0.75

12,750 / 17,000 =  0.75

Finished goods:

24,000 + 49,750 = 73,750

7 0
3 years ago
What is the name of the economic system where the government, or another central administration, regulates supply and prices?
MrMuchimi
It is called centrally-planned economy or command economy 
5 0
3 years ago
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