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1 year ago

The Smith home has an assessed value of $64120, and their tax rate is 3.2%. What is their annual tax bill?

Business

1 answer:

Kruka [31]1 year ago

7 0

The annual tax bill of Smiths' house is $64120.

A tax is a compulsory fiscal burden or another type of levy imposed on taxpayers by government agencies to fund government expenditures and various public expenditures. A written claim for money owed by an individual or entity in taxes. It is used to fund and pay interest on federal debt.

The Smith home has an assessed value of $64120

tax rate = 3.2%.

The annual tax bill

= ($64,120 x . 032 = $2,051.84).

Hence, the annual tax bill is $2,051.84.

Learn more about the annual tax bill here:-brainly.com/question/1775528

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