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The assessed value of a house is $72,000. The assessed value is 60% of the market value of the house. If taxes are $3 for every $1,000 of the market value of the house, how much are the taxes on the house?

Correct Answer: $360
60% of market value = $72,000 So, 100% market value = $72,000 x 100 / 60 = $120,000 Tax amount = $120,000 / $1000 x $3 =  $360

Which of the following taxes are levied and collected by the Government of India and assigned to the States
1. Taxes on railway fares and freights
2. Taxes on the sale and purchase of newspapers of and on advertisement published therein
3. Taxes on agricultural income
4. Taxes on professions, trade, callings and employment

In a certain community, property is assessed value. if a tax payer is assessed TK. 240 per quarter in property taxes, what is the appraised value of the property?

The distance between the house of Rajan and Raman is 900 km and the house of former is at 100th milestone where as the house of Raman is at 1000th milestone. There are total 901 milestone at a regular interval of 1 km each. When you go to Raman's house from the house of Rajan which are on same highway, you will find that if the last digit (i.e. unit digit) of 3 digit number on every milestone is same as the first (i.e. hundreds digit) of the number on the next milestone is same, then these milestones must be red colour and rest will be of black. Total number of red colour milestone is:

Which of the following statement(s) about the 'labour market' is/are true?
1. Like a commodity market, the relationship between a buyer and a seller in a labour market is temporary.
2. There is a diversity of wage rates in a labour market even for similar nature of work.
3. Monopoly in the labour market is extremely rare.
4. Monopsony referring to the buyer's control is more in the labour market.

Which of the following are the instruments or money market?
1. Call money market
2. Commercial bill market
3. Industrial securities market
4. Short-term loans market
5. Treasury bill market

How is the UV power calculated? /1000 b) UV power = /1000 c) UV power = /1000 d) UV power = /1000

Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : Let us increase the taxes to cover the deficit.

Assumptions :
I. The present taxes are very low.
II. Deficit in a budget is not desirable.
III. If the taxes are not increased, the deficit cannot be met.

Which among the following becomes the part of Consolidated Fund of India?
1)Capitation Taxes
2)Taxes on railway fares and freights
3)Taxes on sale and purchase of newspapers and advertisements therein
Select the correct option from the codes given below:

Four friends A, B, C and D live in a same locality. The house of B is in the east of A's house but in the north of C's house. The house of C is in the west of D's house. D's house is in which direction of A's house?

In a suit for partition of property and for separate possession of a share therein, the civil court having declared the rights of several parties interested in the property:
1. Which is assessed to payment of revenue to the Government, must make over the matter for such partition or separation to be made by the Collector.
2. Which is not so assessed to payment of revenue to the Government, must examine if the partition or separation can be conveniently made and for this, may issue a Commission to make the partition or separation.
3. If on examination of the report of the Commissioner, the Court finds that the property cannot be divided by metes and bounds, it may put it to sale and divide the proceeds thereof.
In the above: