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3 years ago

The local government uses property taxes to pay for goods and services in the community. true or false

Business

2 answers:

laiz [17]3 years ago

5 0

Answer: The answer is true.

The local government uses property taxes to pay for goods and services in the community.

Explanation:

Property tax refers to taxes levied by the government on land and building owners. It is levied based on the value of a property. Property tax is levied on tangible real estate properties, houses, office buildings and so on. These taxes are used for funding infrastructures like road, sewage system, pipe borne water, public safety, defence, building of public schools and so on.

Snowcat [4.5K]3 years ago

4 0

True usually it will go to fund local schools, and fixing roads

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Dozier and his wife, daughter, and grandson lived in the house Dozier owned. At the request of the daughter and grandson, Pascha

liubo4ka [24]

Answer: Yes

Explanation: In the above case, a quasi-contract was formed. This is when a bilateral contract is not in place but one party will enjoy the benefit of the activities of the other party and may be enriched by it.

A bilateral agreement is the exchange of a promise for another and in this case would have been, the promise that Dozier would pay for Paschall’s work. This was not established, however, Dozier will benefit from Paschall’s work unduly if he does not pay for the improvements. The law holds that he has to pay for Paschall’s work to prevent being unjustly enriched.

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3 years ago

You are given the following information for Ted’s Dread Co.: sales = $82,000; costs = $57,700; addition to retained earnings = $

vazorg [7]

Answer:$6,843.33=Depreciation

Explanation:

To Calculate the depreciation expense for the company

Net income = Dividends + Addition to retained earnings

Net income = $3,320 + 7,500

Net income = $10,820

Also,

Net income = Taxable income - (Taxable income)(Tax rate)

Net income = Taxable income(1 - Tax rate)

Therefore,

Taxable income = Net income / (1 - Tax rate)

Taxable income = $10,820 / (1 - 0.25

Taxable income = $10,820/0.75 =14,426.67

But

EBIT -interest = taxable income,So

EBIT = Taxable income + Interest

EBIT = $14,426.67+3,030

EBIT = 17,456.67

EBIT = Sales - Costs - Depreciation

$17,456.67 = $82000 - 57,700 - Depreciation

$17,456.67= 24,300-Deprecistion

Depreciation =24,300-17456.67 =

$6,843.33

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3 years ago

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tino4ka555 [31]

Answer:

Explanation:

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3 years ago

When the average price level in the united states, relative to the average price levels in other countries, rises, this tends to

vesna_86 [32]

When the average price level rise in the USA relative the to the average price levels in other countries, American products become more expensive for those countries. Hence, there will a fall in imports level. On the other hand, countries with Lowe prices should experience a rise in the price exports because their products are more price-competitive.

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3 years ago

Lakeside Company's schedule of cost of good manufactured include the following for April:Cost of Goods Manufactured $69,300Direc

vichka [17]

Answer:

Work in process inventory at April 30 is $4,700

Explanation:

In this question, we apply the cost of goods manufactured formula which is shown below:

Cost of goods manufactured = Opening balance of work in progress + total manufacturing cost - ending balance of work in progress

where,

Total manufacturing cost = Direct material + direct labor + overhead

= $27,000 + $30,000 + $8,000

= $65,000

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= $4,700

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3 years ago