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Home Interview Accounting and Finance Comments

  • Question
  • All of these are exemptions from local real property taxes EXCEPT :


  • Options
  • A. Low-income homeowner's exemption
  • B. Homeowner's exemption
  • C. Veteran's exemption
  • D. Senior citizen's tax exemption

  • Correct Answer
  • Low-income homeowner's exemption 

    Explanation

    Under state law limited exemptions from local real property taxes for individuals who qualify are senior citizens(blind and disabled persons), who may defer their taxes; Veterans, who receive $4000 off assessed value; and homeowners, who receive $7000 off assessed value.

  • Tags: Bank Exams, CAT, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. Job cost sheets constitute the subsidiary ledger for the
    • Discuss
    • 2. Bad loans in banking terminology are generally known as

    • Options
    • A. NPA's
    • B. Prime loans
    • C. BPO's
    • D. Prime Assets
    • Discuss
    • 3. What is ?Crossed Cheque? ?
    • Discuss
    • 4. What are the different types of Loans offered by banks?
    • Discuss
    • 5. What is ILOC (Irrevocable Letter Of Credit) ?
    • Discuss
    • 6. Explain What is the difference between debenture holders and creditors ?
    • Discuss
    • 7. Which of the following is the oldest Joint Stock Bank of India ?

    • Options
    • A. Patiala Bank
    • B. Punjab National Bank
    • C. Bank of India
    • D. Allahabad Bank
    • Discuss
    • 8. Saving accounts usually offer ___ interest rates than checking accounts.

    • Options
    • A. Higher
    • B. Lower
    • C. Equal
    • D. None
    • Discuss
    • 9. The yield to maturity on a discount bond is

    • Options
    • A. equal to both the coupon rate / current yeild
    • B. less than the current yeild but greater than the coupon rate
    • C. greater than both the coupon rate / current yeild
    • D. equal to the current yeild but greater than the coupon rate
    • Discuss
    • 10. In preparing a bank reconciliation, outstanding checks are

    • Options
    • A. Deducted from the balance sheet
    • B. Added to the bank balance
    • C. Deducted from the bank balance
    • D. Added to the balance sheet
    • Discuss


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