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Question - The City of Santa Fe needs to raise $5,000,000 to fund its Fiscal Year 2011 budget. Because of the local economy condition, the city expects uncollectable taxes to rise from their historical average of 5% to 9% this year. What should the total value of tax bills sent to residents be to collect the needed amount?
A. 5,494,505
B. 5,263,158
C. 5,208,333
D. 5,450,000
You have just received an inheritance of $350,000. Given the facts mentioned, How can you minimize your tax liability
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