Examlex

Solved

​A Home Having an Annual Tax Bill of $1,800 Was

question 51

Short Answer

​A home having an annual tax bill of $1,800 was sold at the end of the ninth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?​


Definitions:

Occupied

Engaged in activity or filled with occupants or participants; also can refer to areas under military control.

Repudiate

To refuse to accept or be associated with; in legal terms, it often refers to rejecting the validity of a contract or agreement.

Non-Necessary

Non-necessary refers to something that is not essential or required for a particular purpose or function.

Legality

Pertains to the conformity of an action, agreement, or object with the laws and regulations of a jurisdiction.

Related Questions