Budget planners for a certain community have determined that $6,391,000 will be required to provide all government services next year. The total assessed property value in the community is $110,000,000.   What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 to two decimal places rounded up.) ______

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Q: Calculate the

A: In this question, we have to calculate the property tax.

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Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.