The town in which their store is located town has a total commercial property assessment of $986,589,765. It initially estimated that $69750500 must be raised through commercial taxation to meet expenditure What tax rate per $1000 must be set to raise the $69750500 ii The store is assessed at $65950. What are the property taxes for this property. If an additional $4,000,000 must be raised, what is the increase in the tax rate required to meet the iii additional expenses? 3 4 45 iv How much additional property taxes will the owners of $65950 store property have to pay? 46 47

The town in which their store is located town has a total commercial property assessment of $986,589,765. It initially estimated that $69750500 must be raised through commercial taxation to meet expenditure What tax rate per $1000 must be set to raise the $69750500 ii The store is assessed at $65950. What are the property taxes for this property. If an additional $4,000,000 must be raised, what is the increase in the tax rate required to meet the iii additional expenses? 3 4 45 iv How much additional property taxes will the owners of $65950 store property have to pay? 46 47

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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