9. Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair Market Value Assessment Rate Assessed Value Property Tax Rate Property Tax Due $280,000 80 $ $25.60 per $1,000 $
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9. Calculate the assessed value (in $) and the property tax due (in $) on the property.
| Fair Market Value |
Assessment Rate |
Assessed Value |
Property Tax Rate |
Property Tax Due |
|---|---|---|---|---|
| $280,000 | 80 | $ | $25.60 per $1,000 | $ |
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- Calculate the assessed value of the piece of property: Assessment rate Market value Assessed value 80% $210,000A tax declaration contains the following data: Actual use of property Residential Market value: Land P500,000 Improvement 800,000 Property: Assessment Level Basic Tax Rate Land 15% 1% Improvement 20% 1% Requirements: 1. Total real property tax assessable on the properties.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.)
- 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.Calculate the assessed value of the following pieces of property:Assessment rate Market Value Assessed Value 80% $210,000 ?????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)
- Calculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed value Amount of property tax due $8.75 per $100 $125,000Which of the following are subjected to Value Added Tax (VAT)? A Sale by a real estate dealer of residential lot with a selling price or P800,000. B Sale by a real estate dealer of residential lot with a selling price of P3,500,000. C Sale by a real estate dealer of commercial lot with a selling price of P2,800,000. D Sale of residential lot classified as capital asset. E Sale by a real estate dealer of residential house and lot with a selling price of P3,000,000 F Sale by a real estate dealer of condominium unit with a selling price of P3,250,000 G Sale by a real estate dealer of parking lot in a condominium unit with a selling price of P850,000. H Sale of residential house and lot classified as capital asset with a selling price of P8,000,000.identify deferred tax assets/liabilioties in the following figure Total Current Assets - - - - Total Assets 1057734 1014060 979868 976502 Cash & Due from Banks 96610 81786 73246 65619 Other Earning Assets, Total 144765 123145 118007 118805 Net Loans 759118 742473 737033 727002 Property/Plant/Equipment, Total - Net 5468 5602 5205 2383 Property/Plant/Equipment, Total - Gross - - - - Accumulated Depreciation, Total - - - - Goodwill, Net 5269 5284 5997 5974 Intangibles, Net 1674 1660 1732 1991 Long Term Investments 2865 3034 3054 3001 Other Long Term Assets, Total 4139 3830 3098 18226 Other Assets, Total 37826 47246 32496 33501 Total Current Liabilities - - - - Total Liabilities 982736 942052 908766 906908 Accounts Payable 9826 13188 9998 10285 Payable/Accrued - - - - Accrued Expenses - - - - Total Deposits 750843 701551 666300 640311 Other Bearing Liabilities, Total - - - 32 Total Short Term Borrowings 26633 16877 20346 19099…
- NCF practice a) What is the ncf from the sale of this asset - purchased for $250,000, 7-year property, sold at end of year 6 for $50,000, tax rate = 21%? basis = MACRS depreciation (as decimal) * sale price step 1: sales price - basis = gain/loss step 2: gain * loss tax rate = tax step 3: sales price - tax = ncfA property is assessed at $135, 000. There is an equalization rate of 125%. The annual property tax are $5063. What is the tax rate?1.Whatare the conditions under Income Tax Act, ACT 896 forexpenditure to be allowed as a deduction when computingbusiness, employment or investment income?2.List5 allowable deductions from the assessable income3.Assumethat the written down value of assets in the pool 2 isGH 100 000 and the repairs and improvements is GH 20 000What will be the tax allowable expenses?4.Giventhat the assessable income for the company isGH 140 000 the finance cost is GH 90 000 and there is nocorresponding finance gain, what is the allowable expense?