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Intro to Business Quantitative Methods-Ch. 19
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Intro to Business Quantitative Methods-Ch. 19
Ch. 19 Sales, Excise and Property Taxes
- Property Tax
- Real Property: Land, Buildings, etc
- Personal Property: possessions like jewelry, autos, furniture, etc.
- Assessed Value = Assessment Rate x Market Value
- Excise Tax
- Excise Tax Amount = Retail selling price x Excise tax rate
- Sales Tax
- Sales Tax Amount = Retail selling price x Sales tax rate
- Property Tax
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- Sales tax, excise tax and property tax
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- Brooke Young
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