Determine the tax rate. Round to the nearest cent or nearest hundredth. Assessed property value: $40,356,000 Expenses to be funded by property tax: $2,633,000 Tax per amount of assessed value: mill

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 6Q: What amount is payable to a state tax board if the original sales price is $3,000, and the tax rate...
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Determine the tax rate. Round to the nearest cent or nearest hundredth.

Assessed property value: $40,356,000
Expenses to be funded by property tax: $2,633,000
Tax per amount of assessed value: mill

 
Answer:   (65.24)

 

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