Every residential homeowner is entitled to a property tax exemption from the full cash value of:. a. $ 4000
b. $ 5000
c. $ 7000
d. $ 7500

c. $ 7,000

Explanation;

Homeowners who list the house they own as their primary place of residence are entitled to a tax exemption from the full cash value of $7,000.

This thus enables them to make savings on taxes paid every year. The home as previously alluded to, must be occupied by the owner and not rented nor vacant for one to qualify for this tax exemption.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o