Ahouse is sold on june 15.the annual taxes in the amount of $850 for the year have not been paid. what does the seller owe the buyer at closing?

The seller owe the buyer amounts to $384.25 at the closing

Explanation:

The amount to which the seller owe to the buyer at the closing is computed as:

= Number of days × Amount of taxes per day

= 165 × $2.3288

= $384.25

Working Note:

Number of days = January 1 - June 15

= 165 days

Amount of taxes per day = Annual taxes / Number of days in the year

= $850 / 365

= $2.3288 per day

(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.