math

posted by .

linda inherited an estate worth $225000.the attorney told her that the inheritance tax was 7% and that they would deduct it from the estate before giving her the money.how much money will she receive? $15750 right

  • math -

    The tax is $15,750.

    To find how much she'll receive subtract $15,750 from $225,000.

  • math -

    $15,750 THANK YOU! =)

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. interest

    an inheritance will be 20000. the interest rate for the the time value of money is 7%. How much is the inheritance worth now, if it will be received a) in 5 years?
  2. Acc/Federal Taxxtion

    During the current year, Deborah Baronne, a single individual, paid the following amounts: Federal income tax $10,000 State income tax $4,000 Real estate taxes on land in France $1,500 Real estate taxes on land in U.S. $1,700 State …
  3. math

    The terms of a single parent's will indicate that a child will receive an ordinary annuity of $20,000 per year from age 18 to age 24 (so the child can attend college) and that the balance of the estate goes to a niece. If the parent …
  4. MATH

    LINDA INHERITED AN ESTATE WORTH $225,000. THE ATTORNEY TOLD HER THAT THE INHERITANCE TAX WAS 7% AND THAT THEY WOULD DEDUCT IT FROM THE ESTATE BEFORE GIVING HER THE MONEY. HOW MUCH MONEY WILL LINDA RECEIVE?
  5. math

    If Eve's house has an assessed value of $76,320 and a real estate tax rate of $2.98 per $100, what will she pay in real estate tax?
  6. Business Math

    Quinn and Julius inherited $50,000 each from their great-grandmother’s estate. Quinn invested her money in a 5-year CD paying 1.6% interest compounded semiannually. Julius deposited his money in a money market account paying 1.05% …
  7. contemporary math

    Quinn and Julius inherited $50,000 each from their great-grandmother’s estate. Quinn invested her money in a 5-year CD paying 1.6% interest compounded semiannually. Julius deposited his money in a money market account paying 1.05% …
  8. Math

    Quinn and Julius inherited $50,000 each from their great-grandmother’s estate. Quinn invested her money in a 5-year CD paying 1.6% interest compounded semiannually. Julius deposited his money in a money market account paying 1.05% …
  9. Math

    Linda inherited an estate worth $225,000.the attorney told her that they would deduct it from the estate before giving her the money.how much money will Linda receive?
  10. algebra

    michelle inherited 5/8 of his father's estate. He sold 2/5 of his share. What part of the entire estate did he sell?

More Similar Questions