All categories

3 years ago

Local governments receive most of their money from what two kinds of taxes?

1 answer:

4 0

The local government receive most of their money from Real Estate Property Tax and Personal Property Tax.

Real Estate Property are properties that are immovable. This includes land, building, and all improvements (fixtures) that cannot be removed without damage to the property.

Real Estate Property Tax is levied on homes, farms, business properties, and most other real property.

Personal Property are properties that are movable. Examples are vehicles (cars, van, SUV)

You might be interested in

When an interviewer says, “Tell me about yourself,” you should feel free to talk openly about your personal life.

Leya [2.2K]

Answer:

False

Explanation:

You should tell them about your personality and how others see you. Take for example your strengths and weaknesses as a person, or about your traits. If they ask you about your personal life keep it brief, they don't need too much info about that rather a small aspect of it.

4 0

2 years ago

Read 2 more answers

The major advantage of using bloom's taxonomy in developing objectives is that the taxonomy: helps in the formulation of criteri

baherus [9]

The major advantage of using Bloom's taxonomy in developing objectives is that the taxonomy <span>encourages educators to address complex cognitive processes as well as factual knowledge. Bloom's taxonomy is a hierarchy starting with create, evaluate, analyze, apply, understand and ending with remember. </span>

8 0

2 years ago

Because risk is associated with the potential for higher profits, businesspersons are motivated to choose organizational forms t

Marianna [84]

True. <span>Because risk is associated with the potential for higher profits, businesspersons are motivated to choose organizational forms that limit their liability while allowing them to take risks that may lead to greater profits. Organization forms refers to how a company organizes different organizations within the company. A great deal of focus and planning goes into deciding how an organization should structure themselves to be the most profitable. </span>

4 0

3 years ago

A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the

zalisa [80]

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

3 0

2 years ago

On December 31, 2019, the unadjusted credit balance of the Allowance for Overvaluation of Inventories: Hope Branch ledger accoun

Zigmanuir [339]

Answer:

Journal entries

Date Particulars Debit Credit

31, Dec 19 Investment in Branch Office $132,000

To Inventories $110,000

To Allowance for Overvaluation of $20,000

Inventories

31, Dec 19 Profit and loss $18,400

To Investment in Branch Office $18,400

31, Dec 19 Allowance for Overvaluation $10,000

of Inventories

To Realized Gross Profit: Branch Sales $10,000

Workings

1. Unrealized Inter-company Inventory Profit = (132,000/120) * 20 = $22,000

Shipment to Branch = 132,000 - 22,000 = $110,000

2. Unrealized Inter-company Inventory Profit = (60,000/120) * 2 = $10,000

5 0

2 years ago