The current value of a property is $40,000. the property is assessed at 40% of its current value for real estate tax purposes, with an equalization factor of 1.5 applied to the assessed value. if the tax rate is $4 per $100 of assessed, what is the amount of tax due on the property?

Tax due on the property : $ 960

Step-by-step explanation:

We know that the property is assessed at the 40% of it's current value.

First we are going to find the value assessed.

40% of $40,000 = 0.4 * 40,000 = $ 16,000

Now, at the value, we are aplying a factor of 1.5. This equalization factor is the multiplier we use to calculate the value of a property that is in line with statewide tax assessments

So, we do, 1.5* $16,000 = $24,000

Now we got that we the tax rate is $4 per $100 assessed.

So we got $24,000 * $4  / $100 = $ 960

tangent

step-by-step explanation:

the final amount you will pay is $68.04.

the tip is determined by the pre-tax amount, so we calculate the tip based on the original bill, not after we've added sales tax.

to find the tip:

we can divide 54.00 by 100 to get 1% of 54. then we multiply that by 18.

54 / 100 = .54

.54 x 18 = 9.72

tip = 9.72$

to find the tax:

we can divide 54.00 by 100 to get 1% of 54. then we can multiply that by 8 to get 8%.

54 / 100 = .54

.54 x 8 = 4.32

tax= 4.32

now we can add the tip and tax to the bill to get our total.

54 + 9.72 + 4.32 = 68.04

total: $68.04

step-by-step explanation: