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how much tax do they pay

Accounting
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John and mary billings own a condiminium with an asesed value of 110,000. it the tax rate is 25 millsper 1.00 of assessed valuatgion, how much tax do they pay?

Apr 6th, 2015

Tax rate 25 mills per 1.00 of assessed value = .025 for each dollar assessed value

Therefore tax = 110,000 x .025

                      = $ 2,750

Apr 6th, 2015

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Niru

Apr 6th, 2015

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