You have some property which has an assessed value of $240,900. If the tax rate is 56.40 mills, calculate the tax due.
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- 11. You have some property which has an assessed value of $240,500. If the tax rate is 65.90 mills, calculate the tax due (in $). $The home of Bill Burton is assessed at $80,000. The tax rate is 18.50 mills. What is the tax on Bill's home:Bill Blake pays a property tax of $2,500. In his community, the tax rate is 55 mills. What is Bill's assessed value? Round to the nearest dollar.
- Calculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed value Amount of property tax due $8.75 per $100 $125,000I have the question and answer below. I just need to know how to get the answer if you could explain it. Determine the tax rate. Round to the nearest cent or nearest hundredth. Assessed property value: $40,356,000Expenses to be funded by property tax: $2,633,000Tax per amount of assessed value: mill Answer: (65.24)Suppose a tax is such that an individual with an income of $10,000 pays $2000 of tax, a person with an income of $20,000 pays $3000 of tax, a person with an income of $30,000 pays $4000 of tax, and so forth. What is each person’s average tax rate? Is this tax regressive, proportional, or progressive?
- If the tax rates are 15% on the first $50,000 of taxable income, and 20% on the next $25,000, and 25% on the next $25,000, what is the tax liability for an individual with $80,000 of taxable income, what is the marginal tax rate, and what is the average tax rate ? a. $10,250, 15%, and 20% b. $25,122, 22%, and 16% c. $11,345, 15%, and 34% d. $13,750, 25%, and 17.19%Use the following Income Tax Calculation table to calculate the total income tax that someone would owe if their annual income was $83,350. In the image.If you live in a state that needs to collect $18 million in property taxes and has a tax rate of 2.77%, what is that states taxable value
- Bill Shass pays a property tax of $3,200. In his community, the tax rate is 50 mills. What is Bill’s assessed value? (Do not round intermediate calculations.)If your gross salary is $273 000 and your taxable income is $73 000 and your tax rate is 25% how much is your net income?A person works and earns $4440 dollars but on a pay stub pays 41% to tax. How much money is left over after taxes? Round your answer to the nearest dollar.