Answered

The assessed value of property in Enterprise County is $196,000,000. The county supervisors feel the county needs $9,525,000 in revenue.
What is the tax rate (to 0.1 of a percent)?
5.1
4.9
4.7,

Answer :

Kalahira
tax rate = ( $9,525,000 / $196,000,000 ) * 100% = 4.9%

Answer:

B. 4.9%.

Step-by-step explanation:

We have been given that the assessed value of property in Enterprise County is $196,000,000. The county supervisors feel the county needs $9,525,000 in revenue.

To find the tax rate we need to find $9,525,000 is what percent of $196,000,000.

[tex]\text{Tax rate}=\frac{\$9,525,000}{\$196,000,000}\times 100[/tex]

[tex]\text{Tax rate}=0.0485969387755102\times 100[/tex]

[tex]\text{Tax rate}=4.85969387755102\%[/tex]

Upon rounding our answer to nearest tenth of percent we will get,

[tex]\text{Tax rate}\approx 4.9\%[/tex]

Therefore, the tax rate is 4.9% and option B is the correct choice.

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