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Maurinko [17]
3 years ago
6

Vervet County levies a real property tax based on the following schedule.

Business
1 answer:
Liula [17]3 years ago
4 0

Answer:

D. None of the above

Explanation:

Computation for the tax on this property

Property Tax = [(3% × $250,000] + [1% ×($629,800-$250,000)]

Property Tax= $7,500+ $3,798

Property Tax= $11,298

Therefore the tax on this property will be $11,298 which means that the choices listed above are not correct.

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Explanation:

Preference is given to people that live with the dependent so this puts William at the least priority because he doesn't live with Autumn thereby leaving Charlotte and her mother.

Preference is then given to the biological parents of the dependent which means that Diana is has second priority. Charlotte is therefore the the most preferred to claim her daughter as a dependent which would allow her greater tax deductions.

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Ben recently lost his job at a major U.S. auto plant in one of the rust belt states. After looking unsuccessfully for work in a
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Answer: <em>Option (d) is the correct answer.</em>

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A homeowner fears the construction of a factory nearby will decrease the value of her property. this illustrates the principle of externalities.

Many people are unaware that there are tax advantages for home owners when they purchase, own, remodel and even sell their property. These advantages take the form of tax deductions, which lower your taxable income and hence lower your tax payment.

However, you might be astonished to hear that even though the house was bought with a mortgage, you still own it. As the homeowner, your name is listed on the title. The lender does not actually own your home; rather, they only have a stake in the property and the mortgage note.

According to the Federal Reserve's 2020 Survey of Consumer Finances, if you own your home, you probably have a higher value than someone who rents. The assumption that owning a home is a wise financial decision is supported by the fact that homeowners have a net worth that is more than 40 times bigger than their counterparts who rent.

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4 0
2 years ago
Assume Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her
Marizza181 [45]

The question is incomplete. However, it is about the calculation of after-tax cost of payment

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Why do we have to have an internet connection to use this app
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Basically Brainly is an academic version of Facebook. It allows for the real-time communication of people who either need help or are helping.
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