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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 />
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Write a short essay listing three jobs you believe would be right and good for you.
soldier1979 [14.2K]

Answer:

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Explanation:

1: University Lecturer

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3 0
3 years ago
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Leviafan [203]
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8 0
3 years ago
Yellow Co. spent $12,000,000 during the current year developing its new software package. Of this amount, $4,000,000 was spent b
earnstyle [38]

Answer:

devopment expense                                   4,000,000

software package depreicaiton expense 2,000,000

training employees expense                     <u>      50,000</u>

Total expenses                                            6,050,000

Explanation:

the cost before the knowledge of future benefit will come for the development of the software  is treated as expense. The reasoning behind this is the potential uncertainty about the furture at this time. The company didn't know about the likelihood of future benefits.

The toher 8,000,000 million will be amortize over a 4-year period:

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4 0
4 years ago
Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c
posledela

Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital  $70,000

Retained earnings     $45,000

                                   115,000

Assets

Non-Current assets

Fixed assets               $22,000

Current assets

Cash in hand               $93,000

                                     $115,000            

Wang company

Income statement

Net sales                      $88,000

Cost of sales                 $38,000

Gross margin                $50,000

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Net Profit                       $45,0000

3 0
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Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
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Answer:

See

Explanation:

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1,001 units

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Sales ($25,000 + $25)

$25,025

Less variable expenses

5 0
3 years ago
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