Last year's taxes were $2,400.04. the settlement worksheet entries for the current year's tax proration on a September 9 closing are $1,650.44 ($2400.04 /365 x 251 days) Debit Seller & Credit Buyer.
A tax is an obligatory rate or economic fee levied through any authorities on a character or a company to accumulate sales for public works presenting pleasant centers and infrastructure. The gathered fund is then used to fund unique public expenditure programs.
The essential reason of taxation is to elevate sales for the offerings and profits that help the community's needs. Public sales ought to be ok for that reason. 2. Tax ought to, as a way as possible, be levied equitably, in keeping with the capacity to pay.
Learn more about tax here: https://brainly.com/question/25783927
#SPJ4
