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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 117
Solve the following application problems.
COMPARING PROPERTY TAX RATES In one parish (county), property is assessed at 40% of market value, with a tax rate of 32.1 mills. In a second parish, property is assessed at 24% of market value, with a tax rate of 50.2 mills. A telephone company is trying to decide where to place a small storage building with a fair market value of $95,000. (a) Which parish would charge the lower property tax? _____ (b) Find the annual amount saved. _____
COMPARING PROPERTY TAX RATES In one parish (county), property is assessed at 40% of market value, with a tax rate of 32.1 mills. In a second parish, property is assessed at 24% of market value, with a tax rate of 50.2 mills. A telephone company is trying to decide where to place a small storage building with a fair market value of $95,000. (a) Which parish would charge the lower property tax? _____ (b) Find the annual amount saved. _____
Explanation
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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