International Business: Competing in the Global Marketplace
International Business: Competing in the Global Marketplace
11th Edition
ISBN: 9781259578113
Author: Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher: McGraw-Hill Education
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Chapter 18, Problem 5CTD
Summary Introduction

To discuss: The source for the given situation and the way to fix them.

Introduction:

The interchange of goods and services between many countries for business purpose is known as international business.

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Question 25 Jasmine bought a house for $225 000. She already knows that for the first $200 000, the land transfer tax will cost $1650. Calculate the total land transfer tax. (2 marks) Land Transfer Tax Table Value of Property Rate On the first $30 000 0% On the next $60 000 0.5% (i.e., $30 001 to $90 000) On the next $60 000 1.0% (i.e., $90 001 to $150 000) On the next $50 000 1.5% (i.e., $150 001 to $200 000) On amounts in excess of $200 000 2.0% 22 5000–200 000. 10 825000 2.5000.00 2 x 25000 =8500 2 ma
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Question 25 Jasmine bought a house for $225 000. She already knows that for the first $200 000, the land transfer tax will cost $1650. Calculate the total land transfer tax. (2 marks) Land Transfer Tax Table Value of Property Rate On the first $30 000 0% On the next $60 000 0.5% (i.e., $30 001 to $90 000) On the next $60 000 1.0% (i.e., $90 001 to $150 000) On the next $50 000 1.5% (i.e., $150 001 to $200 000) On amounts in excess of $200 000 2.0% 225000–200 000 = 825000 25000.002 × 25000 1= 8500 16 50+ 500 2 marks
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