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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 127
Solve the following application problems.
TAXES ON HOME Jacque Henri plans to build a home with a fair market value of $240,000 in one of two neighboring counties. In Smith County, property is assessed at 30% of market value, with a tax rate of 45.6 mills. In Justin County, property is assessed at 58% of market value with a tax rate of 38.5 mills. Find (a) which county has the lower property tax and _____ (b) the annual amount saved if the home is built in that county. _____
TAXES ON HOME Jacque Henri plans to build a home with a fair market value of $240,000 in one of two neighboring counties. In Smith County, property is assessed at 30% of market value, with a tax rate of 45.6 mills. In Justin County, property is assessed at 58% of market value with a tax rate of 38.5 mills. Find (a) which county has the lower property tax and _____ (b) the annual amount saved if the home is built in that county. _____
Explanation
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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