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Find 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

 

Reference no: EM132675113

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