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Compute what is the tax rate per dollar

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Problem 1. The municipality of Rock Island needs $915,000 from property tax to meet its budget. The total value of assessed property in Rock Island is $14,000,000. What's the tax rate per dollar? (Round your answer to the nearest thousandth.)

A. $.071

B. $.07

C. $.065

D. $.0655

Problem 2. _______ helps to reduce financial risk when unexpected events occur, such as fires, floods, earthquakes, auto accidents, illnesses, and death.

A. Insurance

B. Mutual funds

C. Taxes

D. Inventory

Problem 3. A bond that closed today at 94 down 2 closed yesterday in dollars at

A. $960.

B. $940.

C. $930.

D. $950.

Problem 4. Calculate the median from the following numbers: 16, 9, 10, 5, 4

A. 4

B. 9

C. 10

D. 5

Problem 5. The tax rate of $.0984 in decimal form can be expressed as how many mills?

A. 90.84

B. 9.84

C. 98.4

D. 9,840

Reference no: EM132676442

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