Mr. Smith has a house assessed at $51,000 (60 percent of its sale value).His tax is $3.50
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Mr. Smith has a house assessed at $51,000 (60 percent of its sale value).His tax is $3.50 per $100 AV.Mrs. Jones has a house assessed at $35,550 (45 percent of its sale value).Her tax rate is 36.2 mills.Using this information answer the following:
5.Who pays the greater tax?
6.How much greater?
7.Using the tax rate and the assessment practices of Mr. Smith's district, how much tax would Mrs. Jones pay?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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