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adell [148]
2 years ago
10

Mrs. Smith owns a piece of Florida real estate. Her school board millage rate is 4.5, City rate is 3.8 and County rate are 2.4 m

ils. Her home has been assessed at $225,000. She has a homestead exemption. Using the base homestead exemption, how much money does Mrs. Smith save?
Business
2 answers:
natima [27]2 years ago
7 0

Answer:

$422.5

Explanation:

Assessable value after first homestead exemption $25000= $200000

Tax on second $25000=$267.5($112.5 school board tax+$95 county tax +$60 citty tax)

Tax on third $25000=$112.5(onl on school district tax)

Tax on balance = $10.7*150=$1605

Total tax =$1985

Money saved= $267.5+$155=$422.5

galben [10]2 years ago
4 0

Answer:

<em><u>The answer is</u></em>: <u>$ 10,125.</u>

<u />

Explanation:

Mrs. Smith has a farm exemption.

The mileage rate of your school board is 4.5, which is the one that would correspond to your place of residence. Your home has been evaluated at $ 225,000 which multiplied by 4.5 and divided by 100 is equal to: $ 10,125.

<em><u>The answer is</u></em>: <u>$ 10,125.</u>

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Suppose Congress passes legislation that offers subsidies to orange farmers. The impact on the market for orange juice will be a
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Answer:

<u>the supply curve</u>

Explanation:

Remember the supply curve shows the relationship between the amount of a commodity that a producer (or orange farmer) is <em>willing </em>to offer and at a particular price at any given time.

Because of the subsidies to orange farmers we expect the price of orange to become lesser in the future. Therefore the rightward shift occurs in supply curve for oranges due to favorable changes such as the new legislation which may lead to:

  1. Reduction in tax,
  2. Reduction in cost of factor of production,
  3. Expectation of fall in price in future,

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2 years ago
Firm X has declared a stock dividend that pays one share of stock for every five shares owned. After the stock dividend, earning
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Answer:

Option (b) Decline 20%

Explanation:

Data provided in the question:

Firm X has declared a stock dividend that pays one share of stock for every five shares owned

Therefore,

The increase in number of shares

= [ 1 ÷ 5 ] × 100%

= 20%

Thus,

The earnings per share will decrease by the amount of increase in number of shares i.e decrease by 20%

Hence,

Option (b) Decline 20%

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2 years ago
Jake receives a promotion at his law firm after winning an important case. this is an example of a:
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<span>Jake receiving a promotion at his law firm after winning an important case is an example of a positive social sanction. This is a sociological term used to explain the reaction to a person's behavior or actions.</span>
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2 years ago
Hemingway Corporation is considering expanding its operations to boost its​ income, but before making a final​ decision, it has
GenaCL600 [577]

Answer: $45,310

Explanation:

Given that,

Before-tax yearly income = ​$197,000

Hemingway to increase​ before-tax yearly income to ​$339,000

Yearly interest expense = ​$69,000

flat tax​ rate = 23%

Current annual corporate tax liability = ​$197,000 × 23%

                                                              = ​$197,000 × 0.23

                                                              = $45,310

6 0
2 years ago
Data analysts at Universal bank is building a classification tree to classify its customers into two classes: nonacceptors (clas
tresset_1 [31]

Answer:

Check the explanation

Explanation:

Number of        Number of         The proportion of     The proportion of

Non Acceptors    Acceptors      Non-acceptors (p0)    Acceptors (p1)

A        352                 223                             100%                   100%

A1       348                  36                               99%                  16%

A2        4                     187                              1%                      84%

                                 Gini Index 1-(0.99)^2-(0.01)^2 1-(0.16)^2-(0.84)^2

                                                                            0.0198      0.2688

Combined Gini Index for A1 and A2:

                   Number of Non Acceptors Number of Acceptors Total

A                                352                                           223               575

A1                                348                                            36               384

A2                                    4                                             187             191

                                 Combined   Gini Index 1-(352/575)^2-(223/575)^2

                                                                                                         0.4748

Gini index if training records are split by customer's family size:

                      Number of Non Acceptors Number of Acceptors Total

A                                         352                                     223           575

A1                                          348                                    36             384

A2                                            4                                        187            191  

                                 Gini Index for this node 1-(352/575)^2-(223/575)^2

                                                                                                           0.4748

                                                          Gini (A1) 1-(348/384)^2-(36/384)^2

                                                                                                           0.1699

                                                          Gini (A2) 1-(4/191)^2-(187/191)^2

                                                                                                          0.0410

                             Gini (A1,A2) 0.4748-(384/575)^0.1699-(191/575)^0.0410

                                                                                                              -1.4147

4 0
2 years ago
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