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Tju [1.3M]
3 years ago
15

John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed v

aluation, how much tax do they pay? A. $1,420 B. $1,840 C. $1,200 D. $2,750
Business
1 answer:
Murljashka [212]3 years ago
7 0

Answer:

option (D) $ 2,750

Explanation:

Data provided :

Assessed value of John and Mary Billings = $ 110,000

Tax rate = 25 mills per  $ 1.00

or

Tax rate in dollars = 25/1000 = 0.025 / $ 1.00

therefore,

Tax they have to pay = Assessed value of John and Mary Billings × Tax rate

or

Tax to be paid = $ 110,000 × 0.025 = $ 2,750

Hence,

the correct answer is option (D) $ 2,750

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If you were to illegally reproduce for a profit a likeness or exact replica of a copyrighted logo, you would commit
tamaranim1 [39]

Answer:

copyright infringement

Explanation:

Copyright infringement is a broad term that refers to any kind of harm to someone's copyright, which includes copying a company's logo for profit. A logo, like any other visual product, is the legal possession of an individual or company, therefore it is illegal to copy it for your own business goal or profit.

5 0
3 years ago
John owns a second home in Palm Springs, California. During the year he rented the home for $4,000 for 36 days and used the hous
tekilochka [14]

Answer:

Option (C) is correct.

Explanation:

Total expenses:

= mortgage interest + property tax + utilities and maintenance + Depreciation expense

= $5,000 + $600 +  $900 + $3,500

= $10,000

Proportionate rental expenses = Total expenses × \frac{36\ days}{(36 + 14) days}

Proportionate rental expenses = 10,000 × \frac{36\ days}{(36 + 14) days}

= $7,200

Rental Loss = Rental Income - Proportionate rental expenses

                   = $4,000 - $7,200

                   = -($3,200)

7 0
3 years ago
The Hawthorne studies showed that:________
Inessa05 [86]

Answer:

B. work motivation is a function of a wide variety of factors,Including pay,social relationships,meaning interests, and attitudes

3 0
2 years ago
Block Island TV currently sells large televisions for $ 380. It has costs of $ 310. A competitor is bringing a new large televis
Fofino [41]

Answer:

$281.67

Explanation:

Data provided in the question:

Current selling price of large TV = $380

Cost of Large TV = $310

Selling price of new TV = $340

Increase in sales = 20% = 0.20

Current sales = $150,000

Now,

Expected sales after reducing the price = Current sales + Increase in sales

= 150,000 + ( 0.20 × 150,000 )

= 150,000 + 30,000

= 180,000

Target Operating income = ( $380 - $310 ) × current sales

= $70 × 150,000

= $10,500,000

New operating cost per unit

= Target Operating income ÷ Expected sales after reducing the price

= $10,500,000 ÷  180,000

or

New operating cost per unit = $58.33

Target Cost

= Price after reduction - New operating cost per unit

= $340 - $58.33

= $281.67

3 0
3 years ago
When inside a closed work environment, it's okay to openly talk with co-workers about pii?
FrozenT [24]
No, i don't think so
In this context, PII stands for  <span>personally identifiable information, which is a type of information that could be used to identify a certain individual, such as social security number. You don't know the true characteristic of your co-workers , so it is safer to keep your PII to yourself</span>
4 0
3 years ago
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