Exam (elaborations)
WGU D023 School Financial Leadership (36) solved & updated 2024.
- Course
- Institution
WGU D023 School Financial Leadership (36) solved & updated 2024.
[Show more]
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BRAINBOOSTERS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now