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# 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?

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