Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
- John Sullivan, Jr., bought a new Apple computer for $1,900. The price included a 7% sales tax. What is (a) the sales tax, and (b) the selling price before the tax?
- In the community of Rose, the market value of a home is $150,000. The assessment rate is 40%. What is the assessed value?
- Blooker County needs $910,000 from property tax to meet its budget. The total value of assessed property in Blooker is $141,000,000. What is the tax rate of Blooker? Round to the nearest ten thousandth. Express the rate in mills (to one-tenth).
- The home of Wally Waller is assessed at $75,000. The tax rate is 13.51 mills. What is the tax on Wally's home?
- Lou's warehouse has a market value of $5,000,000. The property in Lou's area is assessed at 40% of the market value. The tax rate is $142.50 per $1,000 of assessed value. What is Lou's property tax?
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