Chapter 18.II, Problem 7TIE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Calculate the tax due on a warehouse with an assessed value of $325,400. The property tax rate is $88.16 per $1,000 of assessed value.

To determine

**To calculate:** The tax due on a warehouse whose assessed value is $325,400 and the property tax rate is $88.16 per $1,000 of the assessed value.

Explanation

**Given Information:**

Assessed value is $325,400 and the property tax rate is $88.16 per $1,000 of the assessed value.

**Formula used:**

Property tax can by computed by,

If the tax rate is expressed per $1000 of assessed value,

Step 1: Determine the number of $1000 the assessed value contains by dividing the assessed value by $1000.

Step 2: Multiply the number of $1000 by the tax per $1000 to calculate the property tax.

**Calculation:**

Consider the provided data,

Assessed value is $325,400 and the property tax rate is $88

Sect-18.I P-1TIESect-18.I P-2TIESect-18.I P-3TIESect-18.I P-4TIESect-18.I P-1RESect-18.I P-2RESect-18.I P-3RESect-18.I P-4RESect-18.I P-5RESect-18.I P-6RE

Sect-18.I P-7RESect-18.I P-8RESect-18.I P-9RESect-18.I P-10RESect-18.I P-11RESect-18.I P-12RESect-18.I P-13RESect-18.I P-14RESect-18.I P-15RESect-18.I P-16RESect-18.I P-17RESect-18.I P-18RESect-18.I P-19RESect-18.II P-5TIESect-18.II P-6TIESect-18.II P-7TIESect-18.II P-8TIESect-18.II P-9TIESect-18.II P-1RESect-18.II P-2RESect-18.II P-3RESect-18.II P-4RESect-18.II P-5RESect-18.II P-6RESect-18.II P-7RESect-18.II P-8RESect-18.II P-9RESect-18.II P-10RESect-18.II P-11RESect-18.II P-12RESect-18.II P-13RESect-18.II P-14RESect-18.II P-15RESect-18.II P-16RESect-18.II P-17RESect-18.II P-18RESect-18.II P-19RESect-18.II P-20RESect-18.III P-10TIESect-18.III P-11TIESect-18.III P-12TIESect-18.III P-13TIESect-18.III P-14TIESect-18.III P-1RESect-18.III P-2RESect-18.III P-3RESect-18.III P-4RESect-18.III P-5RESect-18.III P-6RESect-18.III P-7RESect-18.III P-8RESect-18.III P-9RESect-18.III P-10RESect-18.III P-11RESect-18.III P-12RESect-18.III P-13RESect-18.III P-14RESect-18.III P-15RESect-18.III P-16RESect-18.III P-17RESect-18.III P-18RESect-18.III P-19RESect-18.III P-20RESect-18.III P-21RESect-18.III P-22RESect-18.III P-23RESect-18.III P-24RESect-18.III P-25RESect-18.III P-26RESect-18.III P-27RESect-18.III P-28RESect-18.III P-29RESect-18.III P-30RECh-18 P-1CRCh-18 P-2CRCh-18 P-3CRCh-18 P-4CRCh-18 P-5CRCh-18 P-6CRCh-18 P-7CRCh-18 P-8CRCh-18 P-9CRCh-18 P-10CRCh-18 P-11CRCh-18 P-12CRCh-18 P-13CRCh-18 P-14CRCh-18 P-1ATCh-18 P-2ATCh-18 P-3ATCh-18 P-4ATCh-18 P-5ATCh-18 P-6ATCh-18 P-7ATCh-18 P-8ATCh-18 P-9ATCh-18 P-10ATCh-18 P-11ATCh-18 P-12ATCh-18 P-13ATCh-18 P-14ATCh-18 P-15ATCh-18 P-16ATCh-18 P-17ATCh-18 P-18ATCh-18 P-19ATCh-18 P-20ATCh-18 P-21ATCh-18 P-22ATCh-18 P-23ATCh-18 P-24ATCh-18 P-25ATCh-18 P-26ATCh-18 P-27ATCh-18 P-28ATCh-18 P-29ATCh-18 P-30AT

Probability and Statistics for Engineering and the Sciences

Elementary Technical Mathematics

Finite Mathematics

Mathematical Excursions (MindTap Course List)

Multivariable Calculus

Precalculus: Mathematics for Calculus (Standalone Book)

Statistics for The Behavioral Sciences (MindTap Course List)

Finite Mathematics and Applied Calculus (MindTap Course List)

Essentials Of Statistics

Calculus: Early Transcendental Functions

Calculus: An Applied Approach (MindTap Course List)

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Understanding Basic Statistics

Applied Calculus

Calculus (MindTap Course List)

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Intermediate Algebra

Single Variable Calculus: Early Transcendentals, Volume I

Mathematical Applications for the Management, Life, and Social Sciences

Calculus: Early Transcendentals

Elementary Geometry For College Students, 7e

Single Variable Calculus

Single Variable Calculus: Early Transcendentals

Calculus: Early Transcendental Functions (MindTap Course List)

Elements Of Modern Algebra

Calculus of a Single Variable

Trigonometry (MindTap Course List)

Study Guide for Stewart's Multivariable Calculus, 8th

Elementary Geometry for College Students

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Finite Mathematics for the Managerial, Life, and Social Sciences

Research Methods for the Behavioral Sciences (MindTap Course List)

Multivariable Calculus

Calculus (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

Mathematics For Machine Technology

Statistics for Business & Economics, Revised (MindTap Course List)

Calculus

Mathematics: A Practical Odyssey

College Algebra (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Introduction To Statistics And Data Analysis