A home having an annual tax bill of $1,800 was sold at the end of the ninth 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?
$450
Business
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Organization costs are expensed when incurred
Indicate whether the statement is true or false
Business
Misrepresentations by an agent made with the intent to deceive a third person will:
A. make the agent liable to the third person. B. make the third person liable to the principal. C. absolve the principal of any liabilities toward the third person. D. make the principal liable to the agent and the third person.
Business
Product packaging, such as the Pringles cylindrical package, is one example of the product's ________.
A. renewable resources B. technology C. communication benefits D. functional benefits E. convenience
Business
Which of the following is considered a fiscal year?
A) six months B) three months C) twelve months D) four months
Business