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zavuch27 [327]
4 years ago
11

A sale transaction closes on April 1, the ninety-first day of the tax year. The day of closing belongs to the seller. Real estat

e taxes for the year, not yet billed, are expected to be $3,150.
According to the 365-day method, what is the seller's share of the tax bill?
Business
1 answer:
zysi [14]4 years ago
3 0

Answer:

$785.34

Explanation:

The computation of the seller's share of the tax bill is shown below:

= Expected estate taxes for the year × number of days of the tax year ÷ total number of days in a year

= $31,50 × 91 days ÷ 365 days

= $785.34

We simply applied the proportionate method so that the approximate value could be arrived by taking all the information which is mentioned in the question.

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Which of the following statements is (are) true regarding renters insurance? I. Renters insurance is needed if you rent a house,
rodikova [14]

Answer:

Neither of the two statements are correct regarding the renters insurance.

Explanation:

Renters insurance which is also commonly know as tenants insurance, is that type of an insurance policy where a tenant can enjoy some benefits of homeowners insurance, where the personal property of the tenant is covered against fire , theft etc. Renters insurance can be taken on a house ,apartment , a condo etc. But it is to be noted that this policy won't cover the structure itself and  if the personal property is damaged because of flood , it won't come under the insurance policy.

8 0
3 years ago
Multiple choice.
klio [65]

Answer:

1 d

2 c

3 a

4 b

5 c

6 a

7 b

8 d

9 a

10 a

8 0
3 years ago
Why do current and available balances sometimes show different amounts of money in the same account?.
mamaluj [8]

Answer: The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed.

Explanation:

6 0
2 years ago
Alison Jacobs (single) purchased a home in Las Vegas. Nevada for $400,000. She moved into the home on September 1, year O. She l
Mrac [35]

Answer:

$3,750

Explanation:

Capital Gain tax is paid on the sale property value. According to tax rule if you sale your residence building the first $250,000 is exempt from the tax and the amount above this value will be taxed using rate of 15%.

Total Amount of Gain = $275,000

Amount Exempted = $250,000

Taxable value = $275,000 - $250,000 = $25,000

Tax value = $25,000 x 15%= $3,750

3 0
4 years ago
"Who owns information?" and "What are the just and fair prices for its exchange?" are part of this ethical issue:a) Privacyb) Ac
zzz [600]

Answer:

c) Ownership

Explanation:

Ownership refers to the right of holding an information, as by our name, then the owner holds the right of such information and whether to share such information or not, with any person.

Who owns the information is the owner of such information.

No matter how much the market is willing to pay for such information, but actual price is determined by the owner of such information as for much he is willing to sell the information.

Thus, in the given case this pertains to ethical issue of

C) Ownership

6 0
3 years ago
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