Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A home owner has owned and lived in his Florida home for six years. His community has a property tax rate of 25 milis. In

image text in transcribed
image text in transcribed
A home owner has owned and lived in his Florida home for six years. His community has a property tax rate of 25 milis. In addition to his homestead exemption of $50,000, the owner receives a $500 tax exemption, due to his disability. If the owner's final tax bill is $862.50, what is the assessed value of his home? A $34,500 . $35,000 $44,500 D $85,000 A sales associate received $3,000 as a 40% share of the broker's commission on a $110,000 sale. What was the commission rate? CA 6.82% . 6.50% C. 6.00% D. 5.75%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

978-0470423684

Students also viewed these Accounting questions