The value of a home was estimated to be $144,000 at the end of eight years. How much did the home cost new if the yearly rate of depreciation was 2.5% ? Take your times. The answer is below the wildlife scene. A. $180,000 Multiply 8 years times .025 (2.5%) and we get .2 or 20% depreciation over
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01/05/2015
A lot measuring 100 feet by 100 feet was assessed at 150 dollars a front foot by the county, and the home was assessed at $32,000. What was the tax total for the year if the tax rate is 40 mills with no equalization factor ? The answer is below the wildlife scene. Take your time. A. $1880 Let's
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01/05/2015
Mr. Dusclima rents a retail space from Mr. Graticha with a percentage lease. The lease will call for a minimum monthly rent of $3000 and 5% of any gross yearly business in excess of $800,000. How much rent will Mr. Graticha receive this year from Mr. Dusclima if Mr. Dusclima does a gross busines
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01/05/2015
Mr. Fumbistulamo has a mortgage for $600,000. He's got a great interest rate, 5% apr. His monthly payment is 6000 dollars covering the interest, and what's left over is applied to the principal balance of the mortgage.. What is the principal balance after making his first payment ? The answer is
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01/05/2015
If an apartment building, which cost $2,100,000, has an income of $14,000 per month, what is the annual rate of return on the building's investment ? The answer is below the wildlife photo. Please take your time. A. .08 or 8% Multiply the monthly income times twelve (the annual rate) to get an
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01/05/2015
A homes value, due to depreciation, was estimated to be $765,000 at the end of six years. If the annual rate of depreciation was 2.5% what was the original cost of the home ? The answers are posted below the wildlife photo (royalty free). Please take your time. A. $900,000 Multiply 6 years times
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01/05/2015
An investor purchased a commercial building for $1,200,000. The gross income form the building was $230,000 the first year. The expenses for the building were $110,000. What is the rate of return the investor receives ? Please take your time. The answer is posted below the wildlife photo (which
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01/05/2015
The owner of a multi-family dwelling unit reveives $48,000 a year net income from his investment of $600,000. What is the percentage of the return that he receives on his investment ? The answer is below the wildlife photo. Please take your time. A. .08 or 8% Divide 600,000 into the net income o
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01/05/2015
Is this your typical ActiveRain member ? Tell me it isn't so ! Focus on the Business in 2015 ! Not the Game !
01/04/2015
Tax Season Opens As Planned Following Extenders Legislation IR-2014-119 WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January. The IRS will begin accepting tax return
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01/04/2015
