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siniylev [52]
3 years ago
8

Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property

appraisal came in at $432,000. Which of these amounts is used in calculating the property tax?
Business
1 answer:
liq [111]3 years ago
3 0

When it comes to calculating property tax, the most relevant amount is the assessed value of <u>$387,000.</u>

When calculating property tax, the useful figures are:

  • The assessed value of the house
  • The Property tax rate

This assessment is arrived at in various ways but once it is arrived at, it is then multiplied by a figure known as the mill levy and the result will be the property tax.

In conclusion, the assessed value is most useful.

<em>Find out more at brainly.com/question/19643657. </em>

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What is approximate debt of the United States right now
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$27 trillion.

Explanation:

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Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1
Mamont248 [21]

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense       $25,400

Bonds payable                      $254,000

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On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash                                        $254,000

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On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

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8 0
3 years ago
xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real
erastovalidia [21]

If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is:<u> Double net lease.</u>

<h3>What is Double net lease?</h3>

Double net lease can be defined as form of agreement that occur between a tenant and a landlord were the tenant agrees to pay for the cost of rent while the landlord on the other hand agrees to pay for operating expenses incurred by the tenant.

Based on the given scenario the type of the lease xyz company sign is called double net lease as they have to pay for property's real estate taxes  as well premiums for insuring the building.

Therefore the type of lease xyz company sign is:<u> Double net lease.</u>

Learn more about  double net lease here:brainly.com/question/14244511

#SPJ1

4 0
1 year ago
Which two disadvantages are associated with collaborative business message writing?
sattari [20]

Answer:

It may lead to groupthink.

It may affect the message's clarity.

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Collaborative business message writing has to do with when a group of people creates a project or business message together rather than doing it individually.

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