Match the following terms with their definitions.
-Sales tax
A) Tax to raise revenue for cities, schools, etc.
B) A tax on consumers for certain merchandise or services
C) Value of property to calculate property taxes
D) 1/10 of a cent
E) Current value today
F) Budget needed divided by total assessed value
G) Tax on luxury items
Correct Answer:
Verified
Q66: Pete's Warehouse has a market value of
Q67: Calculate the assessed valuation, given an assessed
Q68: Match the following terms with their definitions.
-Property
Q69: Calculate amount of tax due:
Q70: Carol Reeve bought a new fur coat
Q72: Calculate the assessed valuation:
Q73: French County needs $915,000 from property tax
Q74: Total sales for Appliance Center were $205,000
Q75: Calculate tax rate in decimal form
Q76: Calculate (A)actual sales and (B)sales tax liability:
Total
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