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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 662669 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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 Spring '11
 GloriaMarshall

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