A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., how much are the transfer taxes?

Answers

Answer 1

Based on the information given the amount of the transfer taxes is $476.

Using this formula

Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax

Let plug in the formula

Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2

Total transfer tax = ([$474,000 x .001] + $2)

Total transfer tax=$474+$2

Total transfer tax=$476

Inconclusion the amount of the transfer taxes is $476.

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Related Questions

funds are typically needed to manage day to day needs of a business as well as acquiring needed inventory.

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The type of funds that are required by every business in order to be able to manage their daily activities and getting needed inventory is the operating funds.

The operating funds is used for the expenses that are incurred in the daily operations of a business. Such expenses are expected to happen in the business.

Companies need operating funds in order to finance their purchasing program. Such funds are used for planning and buying assets that are needed for the business.

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óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop solutions very quickly.

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According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.

This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various Problem-Solving Skills include:

Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."

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if marginal cost exceeds marginal revenue, a profit-maximizing monopolist will

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Answer:

Reduce marginal costs so that they equal marginal revenue.

Explanation:

Regardless of whether the producer is a monopolist, oligopolist, or in perfect competition, the profit-maximizing quantity is where marginal revenue equals marginal costs, or in other words the cost of producing the next unit of output is equal to the revenue earned by the next unit of sales. Any output before this holds an opportunity cost, and any output after this intersection is losing money.

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False

Answers

Answer:

true

Explanation:

GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.

Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.

Answers

Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "seniority system, a merit system, or a system that measures earnings by quantity or quality of production."

This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.

The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.

The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.

Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.

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according to the u.s. constitution, any tax levied by the government must be

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Answer:

C. for the common defense or general welfare.

Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______.

Answers

The option that Gloria has to purchase the cottage that she leases from her landlord is called An option fee.

Gloria has an option to purchase this property here. Under this option, she and the landlord would have a mutually agreed percentage on the purchase price.

Gloria paid her landlord the $5000 in order for her to have the right that would enable her to buy this property at a later date in the future.

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Fraudulent charities frequently collect donations in the following ways:
Group of answer choices

commercials, phone, door-to-door

fundraiser events, email, phone

email, phone, door-to-door

email, phone, commercials

Answers

Answer:

email, phone, door-to-door

Explanation:

Commercials and fundraiser events are too public for frauds

The ______ period rate of return is simply the rate of return over some arbitrary investment period.

Answers

Answer: holding

Explanation:

Your friend, Alicia, is a graduating senior about to head to college in the fall. Alicia has a single checking account and is eager to open a savings account. After reading this article, she is inspired to open up multiple savings accounts to work towards her goals. Do you think it’s a good idea for Alicia to do so? Why or why not?

Answers

Answer:

It is good

Explanation:

Alicia would have an easier time splitting money and saving money towards different goals. Such as putting 40% of your paycheck into savings and splitting the 40% into 10% for each savings account.

An investment of $10,000 today is estimated to return $11,500 a year from now. The $11,500 is called the ________ of the investment.

Answers

The answer is future-value

According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.

Answers

Principal rate is the amount which is gotten after parameters like the interest which is inversely proportional to the time multiplied by the rate of the amount for a specified amount of time.

Mathematically, it is represented as Principal= Interest/Time x Rate

As a result of this, we can see that the principal rate is a part of the parameters which is used to calculate the Simple Interest of a specified amount of money for a certain amount of time.

Please note that your question is incomplete so I gave you a general overview so that you would get a better understanding of the concept.

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Answer:

C. $669

Explanation:

If someone pretends to be your banking institution in order to convince you to tell them your password information, this is called

Answers

Spoofing occurs if someone pretends to be a bank to obtain passwords or any other important piece of information.

Spoofing describes a type of scam or cyber attack that involves:

A person or group of people pretending they are a trusted organization.Scammers obtaining important information such as passwords, bank account numbers, etc.

Nowadays, spoofing is rather common and it can be done through phone calls, e-mails, websites, and even texts.

Based on this, an example of spoofing is if someone pretends to be your bank just to access private information for malicious purposes.

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the free market idea is generally associated with which economic system?

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Answer:

The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.

hope this helps

In periods of low demand, companies can use direct marketing to target ________ customers and produce quick results.

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There are different types of marketing.  In periods of low demand, companies can use direct marketing to target known customers and produce quick results.

Direct marketing is simply known to be a form of advertising that focus on targets of a person or company so as to generate new business, raise the profile of an organization or product and for sale.

This type of marketing channel are  emails, online adverts, flyers, database marketing, promotional letters, newspapers, etc.

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In the context of customer relationship management (CRM), _____ requires gathering a lot of information about customers' preferences and shopping patterns.

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In the process of gathering such information that are unique to customers, what is required is therefore regarded as: Personalization.

Customers have preferences and taste which determines their shopping pattern. Having a god understanding of what customers want and how their consumption or shopping pattern is helps in customer relationship management to meet customers' satisfaction.

Thus, in the process of gathering such information that are unique to customers, what is required is therefore regarded as: Personalization.

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Preferred stock generally (has/does not have) ______ voting rights and (has/does not have) ______ preference as to dividends.

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According to share and stocks management, the preferred stock generally does not have voting rights and has a preference as to dividends.

This is because Preferred stock is a type of stock that is first paid to the stockholders before the common share or stockholders are paid.

However, unlike the common stockholders that have voting rights in a firm, the preferred stockholders do not have voting rights.

Hence, in this case, it is concluded that Preferred stock has its advantages and disadvantages.

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What happens to the price and quantity of churro waffles if the price of brown sugar decreases?.

Answers

Answer:

The price of the churro waffles will go up and the quality will go down.

If the price of brown sugar decreases, then the price of churro waffles will decrease and quantity will increase.

How quantity is affected by price changes?

The quantity that customers desire is determined by the price of an item or service in a market. When non-price elements are taken out of the equation, it follows that higher prices lead to lower quantities demanded and lower prices lead to larger quantities desired. As a result, according to the rule of demand, there is an inverse connection between a product's price and the quantity that is desired for it.

A drop in the cost of the good leads to an increase in the amount required (and vice versa). The amount wanted and any market price is represented by a demand curve. A shift along a demand curve is used to illustrate a change in the amount required.

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Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him the FedEx tracking number of the package so Alton can track the package and know exactly when it will arrive. This form of customer communication is referred to as ________ communication.

Answers

The form of customer communication here is what is referred to as delivery status.

Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.

The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.

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Mary signed up and paid $1,320 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate:

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$300 of revenue, $600 of deferred revenue. (900* 2/6 of contract) = 300
(900 contract price paid in advance -$300 revenue recognized to date) =600

Mary signed up and paid $1,320 for a 6-month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate 880.

What is accounting?

The financial statement of the transaction record is referred to as accounting. In essence, the procedure locates and measures the record. The company has a well-organized financial and record-keeping system.

$440 of revenue, $880 of deferred revenue.

(1,320 × 2/6 of contract) = 440

(1,320contract price paid in advance -$440 revenue recognized to date)

=880

As a result, Mary signed up and paid $1,320 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate 880.

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Randall wants to become a certified public accountant. To accomplish this, he must be certified by the ________ in which he plans to provide accounting services.

Answers

He must be certified by the state in which he plans to provide accounting services.

For a person or an individual to have the license to operate as a certified public accountant such person must be certified by the state in which he or she plans to render accounting service to.

In order to be a certified or qualified public accountant all the necessary requirement must be meant by the person.

The person must sit for the CPA examination and must pass the certified public accountant examination before being certified to operate as one by the state.

Inconclusion he must be certified by the state in which he plans to provide accounting services.

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if the entire output of a market is produced by a single seller, the firm

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Answer:

that means the firm is very large

What must a firm that pursues a cost-leadership strategy do in order to nurture and constantly upgrade core competencies in manufacturing and logistics

Answers

The firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or  skills demanded.

Firms that adopt the Cost leadership strategy does so to earn higher returns and competitive advantages through of offering of products at lowest prices in the market.

The core competencies in manufacturing and logistics includes pro-activeness, ability to handle documents properly, strategic thinking, forward thinking, logical decision-making, networking abilities etc

However, the firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or  skills demanded.

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Before a significant risk medical mobile app (MMA) study can commence, what does the sponsor need to do

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Based on operational standards, before a significant risk medical mobile app (MMA) study can commence, the sponsor "must have an approved IDE from FDA."

What are IDE and FDA?

IDE is the acronym of Investigational Device Exemption. Approval of IDE validates the investigational device to be utilized in medical research to obtain safety and efficacy data.

Similarly, FDA is the acronym of Food and Drug Administration. The responsibility of the FDA is to ensure there is safety and security of human and veterinary commodities, including drugs, biological products, and medical devices, among others.

Hence, in this case, it is concluded that the correct answer is that the sponsor "must have an approved IDE from FDA."

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Check all of the perks a job might offer as incentives for potential applicants

A) gym membership
B) 401k investment plans
C) health benefits
D) child care services

Answers

Answer:C,D

Explanation:

C,d that is what he answers

why do most businesses have no employees other than the owner

Answers

HI, OUR MATCHLESS LOVING HOLY TRUE BEGOTTEN CHRIST JESUS LOVES YOU!!!OUR MATCHLESS HOLY CREATOR  GOD!!

Most businesses have no employees other than the owner because it is the easiest form of business to run. I believe most of the business owners don't earn their entire income from the business because they have to pay all the bills for it, and etc.

Explain the term economic activity

Answers

Answer:

1] Income Generation. All economic activities will generate some form of income. It is not compulsory that such income...

Explanation:

MaryAnn has just opened a new food-truck business selling homemade crepes. She is confident in the quality of her product and she must now decide on the right price. Should she attract new customers through lower prices or highlight the quality of her products through higher prices

Answers

The questions that Maryann is having defines her price objective of the price setting process.

Mary is at the stage where she has to set the prices for her product. In order to do this she has to think about her intended market and also think of her cost of production.

Some of the pricing objectives that she has to think about here are:

The price that her competitors have set in the marketHer profitPrice stabilityHow to achieve market share

Complete question:

MaryAnn has just opened a new food-truck business selling homemade crepes. She is confident in the quality of her product and she must now decide on the right price. Should she attract new customers through lower prices or highlight the quality of her products through higher prices? These questions represent which step of the price-setting process?

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Witch method of commuting is most likely to reduce your need to go to the gym or get a treadmill

Answers

Answer:

Walking or using of bicycle

Explanation:

Use of legs are needed in both method of commuting. Leg muscles will be worked up and it also produces sweat that is equivalent to gym exercise

For Hyatt Regency Rochester, the fixed costs are $120,000 and the variable costs are $20 per room rented. If the rooms rent for $60 per night, how many rooms must Microtel rent over the course of a year to break even?

Answers

Based on the rental price of the rooms, the variable and fixed costs, the rooms that need to be rented per night to break even is 3,000 rooms.

The quantity that is needed to breakeven is found as:

= Fixed costs / Contribution margin

The Contribution margin is:

= Selling price - variable cost

= 60 - 20

= $40

The breakeven quantity is:

= 120,000 / 40

= 3,000 rooms

In conclusion, 3,000 rooms will need to be rented out to breakeven.

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