Test_4 - Name: Vanessa Renee Holmes TEST 4 - Business Math...

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Name: Vanessa Renee Holmes TEST 4 - Business Math POFT 1321 Find amount of sales tax and total purchase price. 1. Carol purchased a television for $560.99. The store charges $50 for delivery and $50 for assembly/setup. If the sales tax in Dallas is 8.25%, what is the amount of sales tax on the television and what is the total purchase price? $560.99 + $50.00 + $50.00 = $660.99 X .0825 = $54.53 + $660.99 = $715.52 $54.53 (Sales Tax) $715.52 (Total Purchase Price Find amount of real estate taxes each person will pay. 2. A property with fair market value of $210,000 has an assessment rate of 38%. If the local tax rate is 2.9%, what is the amount of real estate tax to be paid? $210,000 X 38% = $79,800 X .029 = $2,314.20 $2,314.20 (Local Tax Owed) 3. A property with a fair market value of $422,500 has an assessment rate of 47%. If the local tax rate is 3.3%, what is the amount of real estate tax to be paid? $422,500 X 47% = $198,575 X .033 = $6,552.98 $6,552.98 (Local Tax Owed) Use the tables on pages 662-669 to answer the following questions: 4. Simon has 49,800 income from jobs and $1676 in adjustments to income. What was his adjusted gross income? $49,800 + $1,676 = $51,476
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Test_4 - Name: Vanessa Renee Holmes TEST 4 - Business Math...

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