A countys real property tax year runs from January 1 to December 31. Dolton sells the real
Fantastic news! We've Found the answer you've been seeking!
Question:
A county’s real property tax year runs from January 1 to December 31. Dolton sells the real property to Nova on September 30, 2016. Nova owns the real property from September 30 through December 31. The tax for the real property tax year, January 1 through December 31, is $6,890. Round any division to four decimal places and use in subsequent calculations. Round your final answers to the nearest dollar. Assume 365 days in a year.
The portion of the real property tax treated as imposed upon Dolton, the seller, is $?
, and the amount of the tax is treated as imposed upon Nova, the purchaser is $?
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date: