A home with a market value of $240,000 is assessed at 40% of the market value. The assessed value is:
A) $144,000
B) $96,000
C) $69,000
D) $9,600
E) None of these
Correct Answer:
Verified
Q27: Jack Matthew bought a new diamond ring
Q28: Excise tax is not applied to:
A)Distilled spirits
B)Beer
C)Wine
D)Doughnuts
E)None
Q29: The tax rate of $0.0984 in decimal
Q30: Usually assessed value is rounded to the:
A)Nearest
Q31: Given a tax rate of $0.8231 and
Q33: Which of the following is subject to
Q34: Sales tax is taken on:
A)Trade discounts
B)Cash discounts
C)Shipping
Q35: The tax rate of $0.6943 in decimal
Q36: Sales tax at a supermarket in the
Q37: The tax rate per dollar in a
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