Property taxes are usually calculated per annum (year). Thus the annual tax for Reynaldo's newly purchased home can be calculated by multiplying the value of the asset by the per annum tax rate. Hence the annual (yearly) tax for Reynaldo would be $3705 ($195,000 x 1.9%). Then the monthly tax payment would be $308.75 ($3705 ÷ 12, because an year has 12 months)
Answer:
$308.75 yerrd
Explanation:
B)the push to find the most impressive product.
C)the desire to have the latest technology.
D)the desire to get the most for their money.
Answer:
$31.00
Explanation:
Jay Ward has cumulative earnings of $118,000 it means he has already been taxed on his earning on $118,000.
Difference = $118,500 - $118,000
= $500
So on this paycheck only $2,500 of his earnings are taxable for social security tax.
Social security tax rate = 6.2%
Social security tax amount = 6.2% × 500
= 0.062 × 500
= $31
Therefore, the total amount of Social Security tax for this week is $31.00.
Answer:
$120,000
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
The computation is shown below:
Cash flow from Investing activities
Sale of land $100,000
Sale of equipment 50,000
Less: Purchase of equipment -30,000
Net Cash flow from Investing activities $120,000
The other transactions are related to the financing activity so we do not consider it in the computation part