On july 1 of year 1, elaine purchased a new home for $665,000. at the time of the purchase, it was estimated that the property tax bill on the home for the year would be $13,300 ($665,000 × 2%). on the settlement statement, elaine was charged $6,650 for the year in property taxes and the seller was charged $6,650. on december 31, year 1 elaine discovered that the real property taxes on the home for the year were actually $14,300. elaine wrote a $14,300 check to the local government to pay the taxes for that calendar year (elaine was liable for the taxes because she owned the property when they became due). what amount of real property taxes is elaine allowed to deduct for year 1? (assume not married filing separately.)
Answers: 2
Business, 22.06.2019 05:50, marjae188jackson
Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)
Answers: 3
On july 1 of year 1, elaine purchased a new home for $665,000. at the time of the purchase, it was e...
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