2A

2B

The federal excise tax on commercial aviation fuel is 4.9 cents per gallon. If Sky King Airlines used a total of 6,550,000 gallons of fuel last month, how much excise tax was paid? Calculate the assessed value and the property tax due on the following property. Round your answer for property tax due to the nearest cent. Fair Market Assessment Assessed Property Property Value Rate Value Tax Rate Tax Due $100,500 85% $1.50 per $100