On march 1, 2014, rollinger company acquired real estate on which it planned to construct a small office building. the company paid $79,660 in cash. an old warehouse on the property was razed at a cost of $10,020; the salvaged materials were sold for $3,380. additional expenditures before construction began included $1,160 attorney’s fee for work concerning the land purchase, $4,870 real estate broker’s fee, $7,970 architect’s fee, and $13,570 to put in driveways and a parking lot. determine the amount to be reported as the cost of the land.

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

the amount of money you earn by working is your income.

the percentage of people actively looking for a job is called unemployment.