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WGU D023 School Financial Leadership (36) solved & updated 2024.
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WGU D023 School Financial Leadership (36) solved & updated 2024.
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WGU D023 SchoolFinancial Leadership
(3/6) solved & updated
2024
Tax Deferral Programs - answer -allow homeowners
to delay the payment of taxes until the house is
sold or the estate settled.
-elderly/individuals with disabilities
Reverse Mortgage - answer A loan based on the
equity in a home, that provides elderly
homeowners with tax-free income and is paid back
with interest when the home is sold or the
homeowner dies.
excise tax - answer a tax on the production or sale
of a good
-tobacco and alcohol
Severance taxes are - answer taxes on separation
of natural resources from their environment.
, Basic principals of Taxation - answer 1. equity or
fairness
2. adequacy
3. low costs of collection
4. impact/incidence
5. neutrality
6. predictability
Property tax as funding - answer levied against the
owner of real or personal property for individuals
and businesses.
-Real property is not readily movable; it includes
land, buildings, and improvements. It is usually
classified as residential, industrial, agricultural,
commercial, or unused (vacant).
-Personal property is movable; it consists of
tangibles (such as machinery, livestock, crops,
automobiles, jewelry and recreational vehicles)
and intangibles (such as money, stocks, and bonds)
-first kind of tax used in schools; still most common
regressive tax - answer A tax whereby people with
lower incomes pay a higher fraction of their income
than people with higher incomes.
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