K's Warehouse has a market value of $900,000. The property in K's is assessed at 45% of the market value. What is K's property tax? (The tax rate is $62.40 per $1,000 of assessed value.)
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K's Warehouse has a market value of $900,000. The property in K's is assessed at 45% of the market value. What is K's property tax? (The tax rate is $62.40 per $1,000 of assessed value.)
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- Leo's townhouse has a market value of $310,000. The property in Leo's area is assessed at 40% of the market value. The tax rate is $145.10 per $1,000 of assessed valuation. The tax for Leo is A. $7,999.40. B. $16,992.40. C. $7,999.30. D. $17,992.40.The tax on a property with an assessed value of $70,000 is $1,100. What is the assessed value of a property if the tax is $1,400? (Remember to round to the nearest cent)You have some property which has an assessed value of $240,900. If the tax rate is 56.40 mills, calculate the tax due.
- What is the tax on a property with an assessed value of $88,700 if the tax rate is 4.5% of the assessed value? Property tax = $(Round to the nearest cent.)John's Market is assessed for $99,314. The current tax rate is 85.96 per $1426 of assessed value. Calculate the tar dueThe tax on $2,600 of profit on a capital asset is deferred. A person in a 40 percent tax bracket will have to pay what amount of taxes when the asset is sold? (Round your answer to the nearest whole number.)
- An individual, who is a real estate dealer, sold a residential lot in Quezon City at a gain of P100,000.00 (selling price of P900,000.00 and cost is P800,00.00). The sale is subject to income tax as follows: a) 6% capital gains tax on the gain; b) 6% capital gains tax on the gross selling price of fair market value, whichever is higher; c) Ordinary income tax at the graduated rates of net taxable income; d) 8 % income tax on net taxable income.Trade receivables have a carrying amount of P4,000. The related revenue has already been included in taxable profit (tax loss). How much is the tax base of the asset? The tax rate is 40%.what is the annual real estate tax on a property that is valued at $135,000 and assessed for tax purposes at $47,250 with an equalization factor of 125%, when the tax rate is $2.50 per $100? a. $1,417.50 b. $1,476.56 c. $4,050 d. None of the above the answer is B but can you show the steps
- Given the following information, calculate the effective tax rate expressed in mills: market value of property: $170,000; assessed value of property: 40% of the market value: exemptions: $1,000; annual tax liability: $3,575.10.I have the question and answer below. I just need to know how to get the answer if you could explain it. Determine the tax rate. Round to the nearest cent or nearest hundredth. Assessed property value: $40,356,000Expenses to be funded by property tax: $2,633,000Tax per amount of assessed value: mill Answer: (65.24)Find the property tax on a vacant lot with an assessed value of $32,900 and a tax rate of $4.52 per $100 of assessed value. The property tax is $. (Round to the nearest cent.) HOLEN