Business, 26.06.2020 15:01 zoewilliamss26

A city "Piggy-backs" its 3 percent sales tax on top of the state sales tax. during calendar year 2019 the state remits $800,000 to the city for sales collected for the city . on January 25,2020,the state sends the city $ 300,000 for sales taxes collected in the fourth quarter of 2019. on march 1, the state sends the city $ 45,000 for the sales taxes applicable to 2019,but sent in by late filers .Historically, the state has sent the city about $ 30,000 every June for sales taxes applicable to previous years that either trickles in from additional late filers or that results from tax audits. the city has a stated policy of treating sales taxes as " available " if received by March 30 of the year after the applicable sales tax year . based on the foregoing information only , how much should the city recognize as sales tax revenue in its financial statement for the year ended December 31,2019

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:30

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next

Answers: 2

Answer

Business, 22.06.2019 15:30

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

Answers: 1

Answer

Business, 22.06.2019 21:10

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to:

Answers: 3

Answer

Business, 23.06.2019 00:20

According to the naeyc curriculum is effective when all of the following occur except

Answers: 2

Answer

You know the right answer?

A city "Piggy-backs" its 3 percent sales tax on top of the state sales tax. during calendar year 201...

Questions