Assume your home is assessed at $245,000. You have a $171,000 loan for 25 years at 6 percent. Your property tax rate is 1.4 percent of the assessed value. In year one, you would pay $10,260 in mortgage interest and $3,430 in property tax (1.4 percent on $245,000 assessed value).

$3,833.20

Step-by-step explanation:

Mortgages interest and property tax are both federal deductions so they will reduce taxes:

= 10,260 + 3,430

= $13,690

The tax saving is therefore:

= 13,690 * tax rate

= 13,690 * 28%

= $3,833.20

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.

answer: the answer is fre sha voca do

step-by-step explanation: