0
Kristen sold his house for $351,000 which was 135% of the amount what he bought it for. Calculate the amount he paid for the property?
351000/1.35 = 260000
$260000 was the original price.
What else can I help you with?
How can one calculate the amount of home content insurance needed?
Visit an online banking site with a home content insurance calculator. Have a list of all your property ready for input. For accurate personal advice contact a specialist at the bank via phone.
How do you calculate marital deduction?
The marital deduction allows one spouse to transfer an unlimited amount of assets to the other spouse without incurring federal estate or gift taxes. To calculate it, determine the total value of the decedent's estate and identify the assets transferred to the surviving spouse. The amount eligible for the marital deduction is typically equal to the value of those assets. However, if the surviving spouse is not a U.S. citizen, special rules apply, and a qualified terminable interest property (QTIP) election may be necessary to ensure the deduction.
How do you calculate interest rate of 1.05 on 350?
To calculate the interest amount at a rate of 1.05 on 350, you multiply the principal (350) by the interest rate (1.05). The calculation would be: ( 350 \times 1.05 = 367.5 ). This means that the total amount after applying the interest would be 367.5. The interest earned is 367.5 - 350 = 17.5.
What is the formula to calculate the time required for welding?
This will depend on the welder. It would be the amount of time the welder takes to do the job and the materials available.
Do mortgage calucators estimate the amount of home owners insurance you will need?
Mortgage calculators perform numerous jobs, and that is one of them. What you do is just simply add it into the figures and percentages. If this does not work you can get one that specifically calculate the amount.
When governments calculate the value of real property it is called?
When governments calculate the value of real property, it is known as assessment. That assessment is utilize to calculate the taxable amount on a particular property.
How do you calculate equity in the property?
Equity is calculated by subtracting the amount still owed on the mortgage loans from the fair market value of the property.
If you own property that is worth 200000 but you owe the bank 13000 how much equity do you have in the property?
To calculate your equity in the property, subtract the amount you owe the bank from the property's value. In this case, you would take $200,000 (property value) minus $13,000 (amount owed) which equals $187,000. Therefore, you have $187,000 in equity in the property.
How do you calculate capital gains on gifted property?
To calculate capital gains on gifted property, you would typically use the fair market value of the property at the time it was gifted to you as the cost basis. When you sell the property, you would subtract this cost basis from the selling price to determine the capital gains. This amount is then subject to capital gains tax.
How can I calculate and request prorated rent for a partial month of occupancy?
To calculate prorated rent for a partial month of occupancy, divide the monthly rent by the number of days in the month, then multiply that amount by the number of days you will be occupying the property. To request prorated rent, simply communicate with your landlord or property manager about the situation and provide them with the calculated amount.
How do appraisals affect property taxes?
Appraisals can impact property taxes by determining the value of a property, which is used to calculate the amount of taxes owed. Higher appraised values can lead to higher property taxes, while lower appraised values can result in lower taxes.
What government official is responsible for determining the amount of property tax a homeowner must pay?
The government official responsible for determining the amount of property tax a homeowner must pay is typically the local assessor or property appraiser. This individual evaluates property values and determines assessments based on local property tax laws. The assessed value is then used to calculate the property tax owed, which is generally collected by the local government or municipality.
What is the process for determining property tax assessments on Zillow?
Zillow does not determine property tax assessments. Property tax assessments are typically done by local government assessors who evaluate the value of a property based on factors like location, size, and condition. These assessments are used to calculate the amount of property tax a homeowner owes.
How does appraisal impact property tax?
Appraisal impacts property tax by determining the value of a property, which is used to calculate the amount of tax owed. A higher appraisal value typically results in a higher property tax bill, while a lower appraisal value leads to a lower tax bill.
How do you calculate room rent from owned property?
There are different ways to calculate the rental rate of a room such as using the percentage of square footage of the entire home. This percentage can also be used to figure in a fair amount for utilities to be included.
What is a physical property that not change with the amount of matter?
dd What is physical property that does not change with the amount of matter?
What is a physical property that does not change with the amount matter?
dd What is physical property that does not change with the amount of matter?
