Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
- 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 |
|
- 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 |
|
- 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.
- What is his total tax bill? (1 mark)
- If James property is assessed at $276 820, what tax rate per $1000, correct to two decimal places, did he pay? (1 mark)
- 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)
- 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)
- 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)
Please show me the solution thanks...
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started