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adell [148]
3 years ago
10

Mrs. Smith owns a piece of Florida real estate. Her school board millage rate is 4.5, City rate is 3.8 and County rate are 2.4 m

ils. Her home has been assessed at $225,000. She has a homestead exemption. Using the base homestead exemption, how much money does Mrs. Smith save?
Business
2 answers:
natima [27]3 years ago
7 0

Answer:

$422.5

Explanation:

Assessable value after first homestead exemption $25000= $200000

Tax on second $25000=$267.5($112.5 school board tax+$95 county tax +$60 citty tax)

Tax on third $25000=$112.5(onl on school district tax)

Tax on balance = $10.7*150=$1605

Total tax =$1985

Money saved= $267.5+$155=$422.5

galben [10]3 years ago
4 0

Answer:

<em><u>The answer is</u></em>: <u>$ 10,125.</u>

<u />

Explanation:

Mrs. Smith has a farm exemption.

The mileage rate of your school board is 4.5, which is the one that would correspond to your place of residence. Your home has been evaluated at $ 225,000 which multiplied by 4.5 and divided by 100 is equal to: $ 10,125.

<em><u>The answer is</u></em>: <u>$ 10,125.</u>

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The establishment of lobster fishing season in the state of Florida is an example of:
SashulF [63]

Answer:

Government intervention in the economy.

Explanation:

The government in some cases take actions that affect the economy to have an impact and address inefficiencies. In this case, the intervention takes the form of a regulation that establishes a lobster fishing season in the state of Florida. Because of that, the answer is that this is an example of government intervention in the economy.

5 0
3 years ago
GDP per person tells us the income and expenditure of the a. richest person in the economy. b. poorest person in the economy. c.
ale4655 [162]

Answer:

The correct answer is letter "C": average person in the economy.

Explanation:

The Gross Domestic Product (GDP) measures the level of output of a country given a certain period -by quarter and year, usually. It considers <em>government expenditures, private investments, consumer spending, </em>and <em>net exports </em>(exports minus imports).  

The GDP per capita represents the GDP per person and is calculated by dividing the GDP by the population of a country. GDP per capita represents an approximate of the expenses of an individual. Smaller richer countries such as Luxembourg or Switzerland tend to have higher GDP per capita.

8 0
3 years ago
Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales pri
babunello [35]

Answer: 6250

Explanation:

From the question, we are informed that Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales price is $50 per unit. santiago desires to earn an annual profit of $34,000.

The contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit for thus:

Contribution margin ratio = (Sales price - Variable cost)/Sales price

= (50-34)/50

= 16/50

= 0.32

Sales = (66,000 + 34,000)/0.32

= 100,000/0.32

= 312,500

Sales volume in units will be sales divided by price. This will be:

= 312,500/50

= 6250

6 0
3 years ago
The subject is reqlly politics<br>why do we have to pay to sell stuff
gavmur [86]
Because the people selling it needs to make profit. 
8 0
3 years ago
Read 2 more answers
The discounts lost account is used under the ___ method for inventory. multiple choice question. periodic gross perpetual net
maxonik [38]

The discount lost account is used under the net method for inventory.

<h3><u>What is discount?</u></h3>
  • When a security is trading for less than its intrinsic or basic value, it is said to be trading at a discount in the world of finance and investment.
  • When a bond's price is trading below its par value, or face value, in the fixed-income market, a discount is present.
  • The extent of the discount is equal to the difference between the price paid for a security and its par value.
  • Bonds may trade at a discount for a variety of reasons, such as rising interest rates, problems with the underlying company's credit, or riskiness when compared to comparable bonds.

The discount rate, an interest rate used to calculate the time worth of money, should not be confused with a discount.

Know more about discount with the help of the given link:

brainly.com/question/3541148

#SPJ4

7 0
2 years ago
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