Thom and josie have lived in their florida home for 15 years and it is their permanent residence. the value of their home is $350,000. Amount of their home’s value can they exempt from school taxes is $25,000 from school taxes, and $50,000 from non-school taxes.
What is School Taxes?
A specific tax designated for providing financial support to a school district is referred to as a "school district income tax." Other municipal, state, and federal taxes are not like this.
Therefore,
Thom and josie have lived in their florida home for 15 years and it is their permanent residence. the value of their home is $350,000. Amount of their home’s value can they exempt from school taxes is $25,000 from school taxes, and $50,000 from non-school taxes.
To learn more about school taxes from the given link:
brainly.com/question/21891669
Answer: $74,000
Explanation:
The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.
The ending value in this case would be the salvage value;
Average Investment =
=
= $74,000
Answer:
a)30 days
Explanation:
For the stove to repay itself, it will have to reach the break-even point.
the costs associated with the are the cost $9000
The gains from the stove: 20 meals per night at $20.
the cost per mean is 25% of the selling price
=25/100 x 20
=0.25 x20
=$5
The profits per meal = $20 -$5 = $15
Profits for 20 meals = $15 x 20 =$300
Dairy income from the stove is $300
To recover the cost, it will take $9000/$300 days.
=30 days
Answer:
a. What is the book value of the equipment?
b. If Jones sells the equipment today for $184,000 and its tax rate is 35%, what is the after-tax cash flow from selling it?
- ($184,000 - $86,976) x (1 - 35%) = $97,024 x 65% = $63,065.60
c. Just before it is about to sell the equipment, Jones receives a new order. It can take the new order if it keeps the old equipment. Is there a cost to taking the order and if so, what is it?
- the cost to taking the new order is the opportunity cost of selling the equipment, which is $63,065.60.
Explanation:
MACRS depreciation rate:
Year % Depreciation expense Carrying value
1 20% $60,400 $241,600
2 32% $96,640 $144,960
3 19.20% $57,984 $86,976
4 11.52% $34,790.40 $52,185.60
5 11.52% $34,790.40 $17,395.20
6 5.76% $17,395.20 $0
Answer: 14.59%
Explanation:
The Internal Rate of Return(IRR) is the discount rate that brings the Net Present Value to zero. It is used to decide the viability of projects. The project is generally considered viable if the Cost of capital is less than the IRR.
You can use Excel to calculate the IRR;
= IRR(-15,800,6,500,7,800,6,300)
From the picture attached you can see that the IRR is 14.59%