Grand Strand Power & Light provides utilities to a gulf coast community. On November 30, 2012, the utility billed 1,500 residential customers a total of $118,500 for electricity. In addition, the company is required to collect state taxes of 1.5% and Federal excise taxes of 0.95%. Both of these taxes are used to fund the energy commission.

Question

Grand Strand Power & Light provides utilities to a gulf coast community. On November 30, 2012, the utility billed 1,500 residential customers a total of $118,500 for electricity. In addition, the company is required to collect state taxes of 1.5% and Federal excise taxes of 0.95%. Both of these taxes are used to fund the energy commission.
Grand Strand Power & Light provides utilities to a gulf coast community. On November 30, 2012, the utility billed 1,500 residential customers a total of $118,500 for electricity. In addition, the company is required to collect state taxes of 1.5% and Federal excise taxes of 0.95%. Both of these taxes are used to fund the energy commission.

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The Answer of Grand Strand Power & Light provides utilities to a gulf coast community. On November 30, 2012, the utility billed 1,500 residential customers a total of $118,500 for electricity. In addition, the company is required to collect state taxes of 1.5% and Federal excise taxes of 0.95%. Both of these taxes are used to fund the energy commission.

Grand Strand Power & Light Provides Utilities to a Gulf