Summer break, easy lessons, and fun kids and activities
Answer: c. $ 7,000
Explanation;
Homeowners who list the house they own as their primary place of residence are entitled to a tax exemption from the full cash value of $7,000.
This thus enables them to make savings on taxes paid every year. The home as previously alluded to, must be occupied by the owner and not rented nor vacant for one to qualify for this tax exemption.
Answer:
4. Debit
5.Credit
6.Credit
Explanation:
The rule is simple. If the account is Asset, its normal balance is Debit. If the account is Liability or Owner Equity, their normal balance are Credit.
The things are you have to recognize which of them are Asset, Liability or Owner Equity.
The only way is to practice, to get yourself as much exposure to financial accounting ( e.g: their are plenty of Financial Reports of Big Firms available online for you to read) as possible so you may recognize what side of the Balance Sheet these items would be categorized into as soon as you heard its name.
Answer:
The answer is: Don's weekly salary is $460 and his sales' commission is 5%
Explanation:
We have to solve the following two equations:
Don's salary week 1 = b + $3,000c =$610
Don's salary week 2 = b + $4,000c =$660
Where:
- b = Don's base weekly salary
- c = sales' commission
Step 1:
b + $4,000c =$660
<u>-(b + $3,000c =$610)</u>
$1,000c = $50
Step 2:
c = $50 / $1,000 = 0.05 = 5%
Step 3:
b + ($3,000 x 5%) = $610
b + $150 = $610
Step 4.
b = $610 -$150 = $460
They must have good communication manners and be polite
