With the assessed value of $64,120, and tax rate of 3.2%, the annual tax bill the Smith's expect to pay is $2,051.84.
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What is tax?</u></h3>
- Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses.
- Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
- Taxes are borne by whoever bears the cost of the tax in economics, whether this is the entity being taxed, such as a business, or the final users of the items produced by the business.
Taxes should be taken into consideration from an accounting standpoint, including payroll taxes, federal and state income taxes, and sales taxes.
Simply multiplying the value and rate, we get the annual tax as $2,051.84.
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Answer:
Paid in capital treasury stock = $1,600
Explanation:
Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.
Given,
Reacquired treasury stock = 2000 shares
As the shares were reacquired for $20,
Reacquired total treasury stock = 2,000 shares × $20 = $40,000
Reissued number of shares = 800
Market price of those treasury stock is $22 per share.
Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares
Paid in capital - treasury stock = $1,600
Answer:
$81.38
Explanation:
The share price formula using the constant dividend growth model is provided below:
share price=expected dividend/( required rate of return-constant dividend growth rate)
the share price is the unknown
expected dividend=last dividend*(1+constant dividend growth rate)
last dividend=$5.25
constant dividend growth rate=8.5%
expected dividend=$5.25*(1+8.5%)=$5.69625
required rate of return=15.5%
share price=$5.69625
/(15.5%-8.5%)
share price=$5.69625
/7.00%
=$81.38
According to one source from the internet, the cross-border sales is projected to top $450 within the next 5 years. Cross-border trade is the process of buying and selling of products, selling goods and services between business domestically or in the neighborhood countries.
In order to separate its finances into different categories, Wyatt uses the fact that the notebook has section dividers. So the option you are looking for is B. Hope you can get help from this