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

Author Question: A buyer values a house at 525,000 and a seller values the same house at 485,000 . If sales tax is 8 ... (Read 85 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jul 1, 2018
A buyer values a house at 525,000 and a seller values the same house at 485,000 . If sales tax is 8 and is levied on the seller, then what would be the lowest price that the seller would be willing to sell at?
 a. 527,000
  b. 523,800
  c. 525,000
  d. 500,000

Question 2

A consumer values a house at 525,000 and a producer values the same house at 485,000 . If the transaction is completed at 510,000 . what level of tax rate will result in unconsummated transaction?
 a. 1
  b. 5
  c. 3
  d. 2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

potomatos

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


formula1

  • Member
  • Posts: 666
Reply 2 on: Jul 1, 2018
Excellent

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Martha Rosler, Gladiators, from the series House Beautiful: Bringing the War Home. 2004 Martha Rosler, Gladiators, from the series House Beautiful: Bringing the War Home. 2004
The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ... The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ...
Single-dose drug administration. Pharmacokinetic values for this drug are as follows: onset of ... Single-dose drug administration. Pharmacokinetic values for this drug are as follows: onset of ...
A House In Çatalhöyük A House In Çatalhöyük
Plan and Reconstruction Drawing of the house of the Silver Wedding Plan and Reconstruction Drawing of the house of the Silver Wedding
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library