PLEASE ANSWER ALL PLEASE

A.

Be careful when signing a work-for-hire agreement if you are a songwriter. You may lose all rights to your song in the copyright law world. If your song sells thousands on iTunes, you do not get to share in any of the publishing income. If you live in New Jersey and iTunes sold five of your songs for a total of $72,000, what is the tax owed at 8.0%?

Sales=____________________

Sales Tax Rate=_________________

Tax Owed=_____________________

b.

Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Des Moines, Iowa, was voted one of the top 100 best places to live in 2011 by Money Magazine. With a median home price of $185,000 and property taxes at 27.39 mills, how much does the average homeowner pay in property taxes? (Round your answers to the nearest cent.)

Mills=_____________

Average Tax Paid=__________

c.

Bemidji, Minnesota, needs $3,110,000 for its 2013 budget. Total assessed value of property in Bemidji is $237,241,366. What is the tax rate expressed as a percent, per $100, per $1,000, and in mills? (Round the "Percent" to the nearest hundredth percent, round "Per $100" & "Per $1000" to the nearest cent and round "Mills" to the nearest tenth.)

Tax rate as percent=______

Tax per $100 of assessed value=____________

Tax Per $1000 of assessed value=_______

Tax in mills=_______

D.

Lois Clark bought a ring for $6,900. She must still pay a 5% sales tax and a 10% excise tax. The jeweler is shipping the ring, so Lois must also pay a $40 shipping charge.

What is the total purchase price of Loiss ring? Exise Tax =____ Sales Tax=______ E.

The home of Bill Burton is assessed at $92,000. The tax rate is 18.60 mills. What is the tax on Bills home? (Do not round intermediate calculations. Round your answers to the nearest cent.)

Mills=____

Property tax amount=____