All categories

3 years ago

The tax assessment ratio for a house valued at $250,000 is 80%. If the tax rate is $2.00 per $100 what is the annual tax?

Business

1 answer:

frosja888 [35]3 years ago

3 0

Answer:

$4,000

Explanation:

First, you have to determine the 80% of $250,000:

$250,000*0.8= $200,000

Then, you can use the rule of three to determine the annual tax:

$2→$100

x ← $200,000

x=(200,000*2)/100=$4,000

According to this, the answer is that if the tax rate is $2.00 per $100, the annual tax is $4,000.

You might be interested in

Discuss the potential problems for a business which does not keep adequate business records. (8 marks)

polet [3.4K]

it's mostly custumer service most of the time of take care of that mostly ok

4 0

4 years ago

Company sales invoices, census data, and trade association statistics are examples of

Ilya [14]

These are examples of Secondary Data.

What is Secondary Data?
These are data or information that are being gathered by someone other than the end user.

Hope this will help. :)

8 0

3 years ago

At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at

Mnenie [13.5K]

Average FIFO LIFO Specific

Identification

Sales $ 3,840 $3,840 $3,840 $ 3,840

Less: Cost of 2,256 2,040 2,560 2,060

Goods Sold

Gross Profit $ 1,584 $1,800 $1,280 $ 1,780

The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.

The basic formula for the income statement is Income - Expenses = Net Income. This simple equation tells you if your company is profitable.

Learn more about Income statements here brainly.com/question/24498019

#SPJ4

3 0

2 years ago

you need to work on several key projects over the weekend on your Windows desktop system at home. However, one of the applicatio

Shtirlitz [24]

Answer:

you decide to create a windows to go drive so that you can take your computing environment home from work

Explanation:

Window to go drive enables you to create operating system and application software features from one computer to another. The features are copied from the parent computer and stored on the bootable USB flash drive, then installed on the second computer system. This enables you to create computing environment on the system at home.

5 0

3 years ago

OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the

timofeeve [1]

Answer:

the question is incomplete, so I looked for a similar one online:

December 31, year 1:

interest expense = $5,300,000 x 12% x 6/12 = $318,000

September 30, year 1:

interest expense = $5,300,000 x 10% x 3/12 = $132,500

October 31, year 1:

interest expense = $5,300,000 x 9% x 4/12 = $159,000

January 31, year 2:

interest expense = $5,300,000 x 6% x 7/12 = $185,500

4 0

3 years ago