This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A property has an assessed value of 80 of its fair market value. If you were writing an Excel ... (Read 46 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 24, 2018
A property has an assessed value of 80 of its fair market value. If you were writing an Excel formula to calculate the assessed value of the property, what value would be used to multiply by the fair market value?
 A) 8
  B) 80
  C) 0.8
  D) 0.08

Question 2

Janet and Pat McGuire are married and file a 1040 jointly. Janet earns 28,000 and Pat earns 18,500 for the year. They have two children. They have earned interest income of 240. Janet contributed 2,000 to her IRA and Pat contributed 1,500 to his. Their itemized deductions are 3,750 in medical and dental expenses, 4,500 in real estate taxes, 7,480 in home mortgage interest, 1,000 in student loan interest, 1,100 in personal property taxes, and 675 in charitable contributions. Together, they had 3,200 withheld for taxes. Use a tax table. Which is true about how much Janet and Pat either owe in taxes or have due as a refund?
 A) owe 1,802
  B) refund of 1,802
  C) owe 1,521
  D) refund of 1,521


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


vinney12

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jun 24, 2018
Correct answers!


kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Writing and the Ventral Premotor Cortex Writing and the Ventral Premotor Cortex
Decremental property of graded potentials. Decremental property of graded potentials.
Distribution of the Property of Americans Distribution of the Property of Americans
Iraqi market Iraqi market
Alphabet writing for junior kindergarten Alphabet writing for junior kindergarten
Kids writing Kids writing
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library