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Calculate the property taxes on the following assessments correct to the nearest cent. (3 marks) Assessment Rates per $1000 Property Tax $125 600 14.50 85

  1. Calculate the property taxes on the following assessments correct to the nearest cent. (3 marks)

Assessment

Rates per $1000

Property Tax

$125 600

14.50

85 000

15.00

236 000

16.10

  1. Calculate the tax rate in mills, correct to two decimal places. (3 marks)

Assessment

Property Tax

Rates per $1000

$125 600 000

1 800 000

1 236 000 000

19 950 000

906 750 000

14 961 375

  1. James Brady received a property tax bill which required him to pay his taxes in five instalments of $495.75, $495.00, $510.25, $510 and $510.95.
  1. What is his total tax bill? (1 mark)

  1. If James property is assessed at $276 820, what tax rate per $1000, correct to two decimal places, did he pay? (1 mark)

  1. Selina works in the advertising department at Cornish Drug Marts Ltd. and is given a 15% employee discount when she makes purchases at any of the chains drugstores. She shopped at the Cornish store on Western Avenue and bought cosmetics totalling $37.46, 3 boxes of tissues at $1.27 each, and 4 pairs of hose at $3.59 a pair.

(a) What is the total of her sales slip after the discount? (1 mark)

(b) How much will she pay after a combined provincial and federal sales tax of 15% is added? (1 mark)

  1. A mountain bike has a selling price of $597.80. Calculate the total cost of selling the bike after a provincial tax of 8% and a GST of 5% are added to the selling price? (2 marks)

  1. An apartment owner replaced the refrigerators and stoves in 7 apartments. The selling price of each refrigerator was $851.49 and each stove, $512.95. Because of the size of the order, a discount of 20% was allowed on the refrigerators and 15% on the stoves. After discounts, the supplier added 9% Provincial Sales tax and the GST of 5%.

Calculate the total amount of the invoice that the apartment owner received. (3 marks)

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