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10. Property valued at $130 000 is assessed at 2/13 of its value. What is the amount of tax due for this year if the tax rate is $32.50 per $1,000 of assessed value?

10. Property valued at $130 000 is assessed at 2/13 of its value. What is the amount of tax due for this year if the tax rate is $32.50 per $1,000 of assessed value?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dd.63.

10. Property valued at $130 000 is assessed at 2/13 of its value. What is the amount of tax due for this year if the tax rate is $32.50 per $1,000 of assessed value? 5. J.B. earns $16.60 an hour with time-and-a-half for hours worked over 8 a day. His hours for a week are 8.25, 8.25, 9.5, 11.5, and 7.25. Determine his gross earnings for that week. 4. Armandeep Kaur receives an annual salary of $26,478.40. She is paid monthly on a 38-hour workweek. What is the gross pay for a pay period in which she works 8.75 hours overtime at time-and-a-half regular pay?
Transcribed Image Text:10. Property valued at $130 000 is assessed at 2/13 of its value. What is the amount of tax due for this year if the tax rate is $32.50 per $1,000 of assessed value? 5. J.B. earns $16.60 an hour with time-and-a-half for hours worked over 8 a day. His hours for a week are 8.25, 8.25, 9.5, 11.5, and 7.25. Determine his gross earnings for that week. 4. Armandeep Kaur receives an annual salary of $26,478.40. She is paid monthly on a 38-hour workweek. What is the gross pay for a pay period in which she works 8.75 hours overtime at time-and-a-half regular pay?
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