1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leonid [27]
3 years ago
15

What happens to someone's property if they do not pay their taxes​

Business
2 answers:
Gre4nikov [31]3 years ago
5 0

Answer:

if they do not pay their taxes government ceil their properties..

azamat3 years ago
3 0
<h3>Hello there!</h3>

Your question asks what happens to someone's property if they do not pay their taxes.

<h3>Answer: They get evicted, the government now owns the property, and taxing officials sell the property to meet the amount of taxes lost.</h3>

First of all, you should always pay your taxes, whether or not you like it or not.

If someone doesn't pay their taxes, that's money that the government is losing, therefore they need to have a way to get that money that they didn't get from the person.

Therefore, taxing officials will take the person's property and sell it.

For example, if someone doesn't pay their property taxes for their house, they will get evicted. What being evicted means is being forced out of the property that is now owned by the government, due to the fact that they didn't pay the property tax. After they've been evicted, the taxing officials would sell the house, most likely as a foreclosure, in order to get the money back that the people who previously had the house didn't pay for. They do this because if someone doesn't pay their taxes, they lose money, so they need to get the money that they didn't get back.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3><h3 /><h3 />
You might be interested in
(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction
Strike441 [17]

Answer:

ABC Daycare

Effect of Performing Plumbing Services on account on the Accounting Equation:

Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565

Explanation:

a) Data and Analysis:

Accounts receivable $565 Service Revenue $565

The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction.  It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two.  This equation forms the basis for the double-entry system of financial accounting.

7 0
3 years ago
Precision Paper Products produces both paper towels and paper napkins. The production process begins with the receipt and pulpin
alexdok [17]

Answer:

d. The maintenance costs associated with the napkin folding machine.

Explanation:

The cost that required one or more processors to produced a final product is known as joint cost

Here in the given question, the maintenance cost is not considered to be a joint cost as this cost are associated with the paper napkins

Also, the pulping, screening, rolling, etc are considered to be joint cost

Hence, the correct option is d.

4 0
3 years ago
When is humor beneficial to a team?
murzikaleks [220]

humor is beneficial to a team because you can use it to lighten up the mood

4 0
2 years ago
Read 2 more answers
Why shouldn’t i let someone else use my business name
Strike441 [17]
Hello,

Not sure if this is a school related question but i have the answer for ya (:

There are multiple reasons on why you shouldn't let another person use your business name.
1. They can make YOUR profit off of what you sell
2. It can lead to a law suit in the future
3. 2 businesses using the same name always leads to unwanted problems, finance cases, business claims, and the possibility of being sued by the other person.

Best option would be for you to make your own business name and get it trademarked so that nobody will copy you! (:
4 0
3 years ago
You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF
Marysya12 [62]

Answer:

Explanation:

First we need to calculate the expected spot rates for the next 5 years using IRP....

Please Kindly go through the attached files for how this and other questions you require answers to are solved step by step.

7 0
3 years ago
Other questions:
  • Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into 3 activiti
    7·1 answer
  • Many farmers practice "crop rotation" by planting a field with corn one year and soybeans the next. why might they do this?
    9·1 answer
  • Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (20,000 uni
    15·1 answer
  • The portion of planned aggregate expenditure that is independent of output is called ______ expenditure.
    5·1 answer
  • Aaron and Donald sign a written contract in which Aaron agrees to supply raw materials to Donald’s company in return for set fee
    14·1 answer
  • Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufact
    7·1 answer
  • WILL GIVE BRAINLY!!!!!!!!!!
    13·1 answer
  • Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak
    8·1 answer
  • When talking about saving money, Anthony ONeal says, "Start paying yourself and
    9·2 answers
  • Reporting revenues only when cash is received and expenses only when cash is paid is called the basis of accounting. True or fal
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!