Hi I need the answers to # 2,6,8,14,20, and 26 ASAP! thank you! Date Name 6.1 EX

Question

Hi I need the answers to # 2,6,8,14,20, and 26 ASAP! thank you!

Date Name 6.1 EXERCISES signs in answers as needed Directions Solve the following problems, Place commas and doflar Compute the amount of property tax due. Round to the nearest hundredth. Market Value Assessed Tax Due Tax Rate $1.50 per $1,000 S2.05 per $1,000 $3.95 per $10,000 46 mills per dollar 1. $51,000 2. $65,000 3. $150,000 4. $49,000 5. $900,000 6. $75,000 7. $108,0o0 8. $86,000 9. $1,000,000 Value 8096 6096 5096 65% 80% 80% 50% 65% 8096 30% $50 per $10,000 51.75 per $1,000 32 mills per dollar = $2.75 per $1,000 $1.95 per $10,000 45 mills per dollar- 0 10. $92,000 B. Compute the property tax rate. Round to the nearest whole percent. Assessed Value Tax Rate Money Needed $10,000,000 900,000 $775,000 $1,000,000 $3,500,000 $800,000 $21,000,000 $1,000,000 $3,000,000 $6 billion 11. $800,000 12. $62,000 13. $45,000 14. $208,000 15. $139,000 16. $80,000 17. $149,000 18. $500,000 19. $200,000 20. $1 billion BUSINESS MATH USING EXCEL 254

Explanation / Answer

2) Market Value Assessed Value Tax Rate Tax Due $65,000.00 60.00% $2.05 per $1000 Market Value Assessed value = MV x AV% Tax Rate AV/$1000 Tax Due = Per $1000 x Tax $2.05 Per $1,000.00 $65,000.00 $39,000.00 $39.00 $79.950 6) Market Value Assessed Value Tax Rate Tax Due $75,000.00 80.00% $1.75 per $1000 Market Value Assessed value Tax Rate Tax Due $1.75 Per $1,000.00 $75,000.00 $60,000.00 $60.00 $105.00 8) Market Value Assessed Value Tax Rate Tax Due $86,000.00 65.00% $2.75 per $1000 Market Value Assessed value Tax Rate Tax Due $2.75 Per $1,000.00 $86,000.00 $55,900.00 $55.90 $153.725 14) Tax Rate = Money Needed/ Assessed Value Tax Rate = $208,000/$1,000,000 21% 20) Tax Rate = $1 billion/ $6 billion 17% 26) Market Value Assessed Value Tax Rate Tax Due $156,000.00 100.00% $5.40 per $1000 Market Value Assessed value Tax Rate Tax Due $5.40 Per $1,000.00 $156,000.00 $156,000.00 $156.00 $842.40

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