A home having an annual tax bill of $2,460 was sold at the end of the eighth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?
$820
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The benefits of certification include certificates never losing value over time.
Answer the following statement true (T) or false (F)
Which of the following provides an explanation of why the variable overhead rate is separated from the fixed overhead rate in standard costing?
A) There is no justifiable reason; their separation is merely to simplify entries. B) Both calculations divide by the same direct labor hours, but the numerator is different for each calculation. C) The variable overhead rate is calculated using actual direct labor hours, whereas the fixed overhead rate is calculated using normal capacity direct labor hours. D) The behavior of costs, used for computing variable overhead rate and fixed overhead rate, differs.
Mercury Motors inadvertently mixes up a work order on Peter's car. Peter brought the car in to have the tires rotated. Mercury tuned up the motor by mistake, conferring a benefit on Peter. If Mercury Motors insists that Peter pay for the price of the tune-up, Mercury Motors:
a. can recover its reliance interest. b. cannot recover its expectation interest because there was no enforceable agreement. c. will win based on breach of contract. d. will lose because a personal service contract was involved.
Managers administer ____________________ rewards while ____________________ rewards are related directly to performing the job.
Fill in the blank(s) with the appropriate word(s).