5. The municipality of Waterloo needs $915,000 from property tax to meet its budget. The total value of
assessed property in Waterloo is $14,000,000. What is the tax rate per dollar? (Round your answer to the
nearest thousandth.)
A. $.0655
B. $.07
C. $.065
D. $.071

Question

04-11-2016
Mathematics

contestada

5. The municipality of Waterloo needs $915,000 from property tax to meet its budget. The total value of
assessed property in Waterloo is $14,000,000. What is the tax rate per dollar? (Round your answer to the
nearest thousandth.)
A. $.0655
B. $.07
C. $.065
D. $.071

Respuesta :

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taskmasters taskmasters · Answer 1 · 2016-11-07T19:27:31+01:00

taskmasters taskmasters

07-11-2016

Let us assume the tax rate per dollar = x
Amount of money needed as tax = $915000
Assesses property value = $14000000
Then
14000000 * x = 915000
x = 915000/14000000
= 0.065 dollars
From the above deduction it can be concluded that the correct option among all the options that aregiven in the question is option "C".

Answer Link

5. The municipality of Waterloo needs $915,000 from property tax to meet its budget. The total value of assessed property in Waterloo is $14,000,000. What is the tax rate per dollar? (Round your answer to the nearest thousandth.) A. $.0655 B. $.07 C. $.065 D. $.071

Respuesta :

Otras preguntas

5. The municipality of Waterloo needs $915,000 from property tax to meet its budget. The total value of
assessed property in Waterloo is $14,000,000. What is the tax rate per dollar? (Round your answer to the
nearest thousandth.)
A. $.0655
B. $.07
C. $.065
D. $.071