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Flura [38]
3 years ago
15

the property taxes on a house that Alan owns and rents out to have increased. to balance his monthly budget, he decides to incre

ase his talents rent by $10 per month. he will use extra money to pay his property tax. in this scenario, what type of tax do his tenants pay?
Business
2 answers:
DiKsa [7]3 years ago
5 0

Answer:

indirect tax

Explanation:

Indirect taxes are taxes that can be transferred to other individuals, so that they pay them instead of the original taxpayer.

In this question, Alan should have paid the extra $10 in property taxes, but instead he transferred them to his tenants so that they were responsible for paying them.

Allushta [10]3 years ago
3 0
In this scenario the type of tax his tenants pay is called Indirect tax
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Fred contributes cash of $350,000 to Strumble Partnership for his 50% interest in the partnership. For his 50% interest Gary con
n200080 [17]

Answer:

Gary's Basis in the partnership interest is $155,000

Explanation:

Particulars                                                                                Amount ($)

Adjusted Basis Of Land                                                          250000

Mortage*Share In Percentage ($200000*50%)                    (100000)

Additional Borrowing*Share In Percentage ($50000*50%)   (25000)

#Difference*Share In Percentage ($100000-$40000)*50%     30000

          Basis                                                                                    155000

Difference:

Net Income                                                                                   100000

Distribution Of Each Partner*2 ($20000*2)                                   (40000)

8 0
3 years ago
What is a government bond that is repaid within 3 months to a year?
sattari [20]
The right answer for the question that is being asked and shown above is that: "d. Federal Reserve Note." a government bond that is repaid within 3 months to a year is called the d. Federal Reserve Note. 
4 0
3 years ago
Read 2 more answers
Jeff, a local traffic​ engineer, has designed a new pedestrian foot bridge that is capable of handling the current traffic rate
Delicious77 [7]

Answer:

a. How long will the current bridge system work before a new bracing system is​ required?: 64.18 years or 64 years and 2 months.

b. What if the annual traffic rate increases at 8 ​% ​annually: The bracing system will last for 24.65 years or 24 years and 7 months.

c. At what traffic increase rate will the current system last only 12 ​years: 17.13%

Explanation:

a. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 3% or 1.03 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.03^x = 2000. Show the equate, we have 1.03^x = 6.67 <=> x = 64.18

b.  Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 8% or 1.08 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.08^x = 2000. Show the equate, we have 1.08^x = 6.67 <=> x = 24.65.

c. Denote x as traffic increase rate. The current pedestrian is 300, the grow rate per year is (1+x) times a year. Thus, to reach 2,000 after 12 years and thus a new bracing system to be in place, we have the equation: 300 x (1+x)^12 = 2000. Show the equate, we have (1+x)^12 = 6.67 <=> 1+x = 1.1713 <=> x = 17.13%.

8 0
3 years ago
When the end-of-period spreadsheet is complete, the adjustment columns should have:_________. a) total debits greater than total
Llana [10]

Answer:

C. Total debits are equal to total credits

Explanation:

When the end-of-period spreadsheet is complete, the adjustment columns should have:

Total debits equal to total credits.

When this happens, the trial balance is considered to be balanced.

If revenues are greater than expenses, then income statement will give a credit balance. If expenses are bigger than revenues, your income statement will show a debit balance.

7 0
3 years ago
LO 2.2Explain the differences among fixed costs, variable costs, and mixed costs.
hjlf

Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes, whereas the fixed cost is the cost that remains constant, whether the level of production changes or not.

Therefore, indirect material indirect labor, and factory supplies are included in the variable costs, and the fixed costs include supervision taxes and depreciation expenses.

The mixed cost is a mix combination of both the variable cost and the fixed cost which includes some components of fixed cost and some components of variable cost. It is also known as semi-variable cost

Example - transportation cost, tel communication cost, etc

7 0
3 years ago
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