what is tax liability?\n a. the total amount of taxes owed to the government\n b. the amount of income…

what is tax liability?\n a. the total amount of taxes owed to the government\n b. the amount of income exempt from taxes\n c. the amount of deductions applied to gross income\n d. the amount of tax credits you receive\n how are property taxes calculated?\n a. using a flat rate across all properties\n b. based on state income\n c. by deducting tax credits from net income\n d. based on the assessed value of real estate

what is tax liability?\n a. the total amount of taxes owed to the government\n b. the amount of income exempt from taxes\n c. the amount of deductions applied to gross income\n d. the amount of tax credits you receive\n how are property taxes calculated?\n a. using a flat rate across all properties\n b. based on state income\n c. by deducting tax credits from net income\n d. based on the assessed value of real estate

Answer

Brief Explanations:

Tax liability refers to the total amount of taxes an entity owes to the government. Property - taxes are calculated based on the assessed value of real - estate.

Answer:

a. The total amount of taxes owed to the government d. Based on the assessed value of real estate