5. Zakat on Plants & Fruits 1. Wheat crop during the season was 5000 kg 2. Agricultural costs 6000 riyal 3. Due debts for the lessee on 8000 (collectable) 4. A Muslim leased agricultural land for 70,000 riyals for cultivating wheat with the following details 6. 7. Due debts for the leaser 9000 (collectable) and 4000 (uncollectable). Due debts on him 12,000 riyals Living expenditures of the leaser during the year were 20,000 riyals Land is irrigated at cost Nisab for this year evaluated at 1959 riyals Required: calculate zakat using quantity method

Dick Hercher bought a home in Homewood, Illinois, for $230,000. He put down 20% and obtained a mortgage for 25 years at 8%. The total interest cost of the loan is:   Multiple Choice   $368,000   $327,372.80   $302,554   $242,042

(16. A 28.5-acre parcel of land in Orange County sells for $4,100 per acre. What is the documen- real estate problem 16.) A 28.5-acre parcel of land in Orange Count sells for $4,100 per acre. What is the docume tary stamp tax on the deed? a. $409.15 b. $642.85 c. $817.95 d. $818.30

rented out a house at a monthly rent of Rs. 20,000. During the year incurred following expenses in respect of the house: Repair of house Rs. 15,000 Insurance premium 10,000 Property tax Rs. 6,000 Interest on loan from HBFC Rs. 12,000 Legal expenses Rs. 2,000 Required: Compute the amount that is chargeable to tax under the head "Income from Property

Carmella purchased a refrigerator under a conditional sale contract that required 24 monthly payments of $70.26 with the first payment due on the purchase date. The interest rate on the outstanding balance was 15% compounded monthly. a. What was the purchase price of the refrigerator? (Do not round Intermedlate calculatlons and round your final answer to 2 declmal places.) Purchase price b. How much interest did Carmella pay during the entire contract? (Do not round Intermedlate calculatlons and round your final answer to 2 decimal places.) Interest paid 24 connect

Sue Smith owns a 300 unit tax credit property. She received a total credit allocation covering 200 of her units and committed to the 20% @ 50% minimum set aside. To earn the maximum possible tax credit, how many units should Sue rent to residents with income no greater than 50% of the area median? O A. 60 units B. 100 units c. 200 units D. 300 units

Complete the journal entries for the following investing transactions. a. A farmer buys a tract of land for $50,000. b. A farmer leases a tractor that is worth $50,000 and will own the tractor at the end of the lease. c. A farmer builds a shed for $7,000. d. A farmer buys five cows for $6,000. e. A farmer sells a parcel of land to a local municipality for $36,000. The original cost of the land was $36,000.