What would be the county tax on a property

Assignment Help Accounting Basics
Reference no: EM131957594

Question: Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.

Taxes

Taxes are part of all our lives. In this discussion you have the opportunity to look at one particular type of tax. Choose between finding property tax, sales tax or income tax. Share your thoughts on paying taxes and post your answers to one of the three questions listed below.

Calculating Property Tax

Go to the given attached website. What would be the county tax on a property in Dorchester subdivision assessed at $240,000? In Allegany subdivision, what would be the difference in county property tax on a $400,000 property in Barton and one in Frostburg?

Calculating Sales Tax

Go to the given attached website. It's August and you need to buy school clothes and supplies for your five children. You live in the northwestern corner of Connecticut, within easy driving distance of both Massachusetts and New York State. What would the sales tax in each state be on a total of $830 worth of purchases? If shopping outside the state would cost around $20 in gas, in which state would this shopping trip cost the least?

Calculating Income Tax: Married Couple

Go to the given attached website. The 2010 tax tables (or current year) will come up as a pdf file. What is the tax for a head of household with a taxable income of $31,430? How much tax would a married couple filing jointly pay on $66,980? What about if they filed separately?

Click here to see your discussion rubric.

47 47 20

W7 Discussion Options Menu: Forum

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.

Consumer Credit

Our discussion for this week looks deceptively simple, but it is really complex. You have a young friend who has never had credit. This person does not really want credit and is doing fine paying cash for everything. However, there is a problem: your friend wants to get a home mortgage in two years. Devise a strategy for your friend of sensibly building consumer credit for a mortgage lender to evaluate.

Information related to above question is enclosed below:

Attachment:- Info.rar

Reference no: EM131957594

Questions Cloud

Describe method of establishing compliance of it security : Describe the importance of and method of establishing compliance of IT security controls with U.S. laws and regulations.
What would you change on the site to improve its performance : Test the site in two website testers, how did it perform? What would you change on the site to improve its performance?
Structural plan stress analysis problem : 49325 CAMD - Computer-Aided Mechanical Design - Structural plan stress analysis problem - Computer-Aided Mechanical Design
Examine the effect of bring your own device : Examine the effect of Bring Your Own Device (BYOD) to the IT infrastructure with regard to security, IT support, knowledge.
What would be the county tax on a property : Go to the given attached website. What would be the county tax on a property in Dorchester subdivision assessed at $240,000?
How anyone could be more productive by using the given apps : Describe the presentation to show how anyone could be more productive by using these apps either professionally or personally.
Summarize the project requirements and other assumptions : Summarize the project requirements and other assumptions (e.g., budget, human resources, workload, environmental dependencies, etc.).
Analyze what steps might you take to gain the cooperation : Analyze what steps might you take to gain the cooperation of the third party after the policy has been initiated.
Explain how the old information system handles the functions : Explain how the old information system handles the functions you mentioned, the problems that occur, and why your information system will handle things better.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd