Brittany purchased an industrial lot in Sudbury for $1,100,000 and it was assessed at65% of its purchase price. The annual property tax on the lot is 25 mills.a. Calculate the assessed value of the lot.Round to the nearest centb. Calculate the property tax she would have to pay every year.Round to the nearest cent

Answered: Image /qna-images/answer/9a2d70f3-8c2b-441e-b318-7f15d8b23572.jpg

Answered: Brittany purchased an industrial lot in…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

sa
bob bought some lands costing $16,240. Today, that same land is valued at $46,517. how long has Bob owned this land if the price of land has been increasing at 6 percent per yea
Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $37,600 during the year. Income generated through the brokerage account was as follows: Municipal interest $75,200 Taxable dividends and interest 376,000 If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. How much investment interest can Tobias deduct?
Christina bought a new car for $ 25,000. She paid a 10% down payment and financed the remaining balance for 36 months with an APR of 3.5%. Determine the monthly payment that Christina pays.
A taxpayer owns a four-plex in Chicago, IL. She rents out 3 units and lives in the fourth. Her income and expenses for the entire four-plex are as follows: mortgage interest $8,200, property taxes $9,000, insurance $3,000, utilities $2,000, repairs and maintenance $1,000, depreciation on the entire complex of $5,000, and rental income of $25,000. What amount of net rental income or loss should she report on her current tax return?
Jim and Ann bought a house with a down payment of $16,000 and a $158,000 loan. The loan was for 25 years at a 4.3% interest rate. Closing costs amounted to an additional 1.1%. Two years later they were transferred and sold the house for what they paid for it, $174,000. The real estate agent charged a 5% fee for selling the house. Find the average monthly cost of the house taking into consideration the monthly payments, the costs of buying and selling, and the equity built up over 2 years. (Round your answer to the nearest cent.) $
Please solve this step by step, with complete detail. please provide the name of each property that you use here. Thanks.
The home of Bill Burton is assessed at $80,000. The tax rate is 18.50 mills. What is the tax on Bill's home:
11. Chuck Wells purchased a condominium with a market value of $125,000 in The Villages. The assessment rate is 60%, and the tax rate is 22.92 mills. (a) What is the assessed value (in $) of the condo? $ (b) What is the amount of property tax (in $)? $
Jones invests USD 250.000 in a building society account. At the end of the year her account iscredited with 2% interest. How much interest had he earned in the year?
Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date postcards, etc. The laserjet costs $400. The laserjet has an expected life of 5 years; at the end of which time Maria expects a rebate of $20.00 when she turns in her old laserjet and purchases a new one. Maria uses the sum-of-the-years'-digits method to calculate depreciation.What is the annual depreciation in the first year?$What is the book value at the end of the second year?$What is the accumulated depreciation by the end of year 3?$
Roxy operates a dress shop in Arlington, Virginia. Lisa, a Maryland resident, comes in for a measurement and purchases a $2,800 dress. Lisa returns to Virginia a few weeks later to pick up the dress and drive it back to her Maryland residence, where she will use the dress. Assuming that Virginia's sales tax rate is 5 percent and that Maryland's sales tax rate is 6 percent, what is Roxy's sales tax collection obligation? Multiple Choice $0 $140 to Virginia $140 sales tax to Virginia and $28 use tax to Maryland $168 to Maryland

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS