The Mathematics of Money

402 Chapter 9 Taxes In this example we can see that rounding provides a bit more than the tax levy would have called for. In pro ...

Copyright © 2008, The McGraw-Hill Companies, Inc. The legal language that surrounds these special property tax rates can often i ...

404 Chapter 9 Taxes EXERCISES 9.3 A. Calculating Real Estate Taxes My house has an assessed value of $15,375. The property tax ...

Copyright © 2008, The McGraw-Hill Companies, Inc. a. If the uniform assessment percent is 40% and your property is assessed at ...

Suppose that the Ischua Public Library District tax rate is $0.42 per hundred. The total assessed value of property in the dist ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 9.4 Other Taxes 407 Excise taxes are often used in what the government conside ...

408 Chapter 9 Taxes Example 9.4.2 The Republic of Ithuvania charges an import duty of $1.25 per pack plus 18% of the market valu ...

Copyright © 2008, The McGraw-Hill Companies, Inc. of accounts such as trusts, which may circumvent estate taxes; the details of ...

There are many common misunderstandings about the estate tax. Many people do not realize how large the exemption is, and mistake ...

Unfortunately, whenever large amounts of money and politics are involved, matters are never simple. Despite loud political calls ...

B. Estate Taxes Rajinder passed away, leaving an estate worth a total of $839,075. His will left $150,000 to various charities, ...

Copyright © 2008, The McGraw-Hill Companies, Inc. c. Someone who dies leaving a taxable estate of $60,000. d. Someone who dies w ...

Suppose that Rick dies leaving a taxable estate of $50,000, which consists entirely of a stock portfolio that cost him $3,000 w ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 415 Topic Key Ideas, Formulas, and Techniques Examples Calculating Sales Ta x ...

Topic Key Ideas, Formulas, and Techniques Examples Calculating Property Ta x Due, p. 400 Tax is assessed value multiplied by ta ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 417 NOTES ...

418 Learning Objectives LO 1 Calculate credit card interest using the average daily balance method. LO 2 Determine the commissio ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 10.1 Credit Cards 419 10.1 Credit Cards It’s no secret that credit cards can b ...

420 Chapter 10 Consumer Mathematics the last decade. A debit card may look like, and may be used in essentially the same ways as ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 10.1 Credit Cards 421 Suppose, for example, that at the beginning of April I o ...