Question

The Smiths own a home whose market value is $105,000. Their municipality taxes at 85% and the rate is 70 mills or $70 per thousand. What will the Smiths pay in taxes?

Answer 1

Answer: 6247.5

Step-by-step explanation:

85% x 105000 = 89250

70 x 89.25 = 6247.5

Answer 2

Answer:

6247.50

Step-by-step explanation:

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