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max2010maxim [7]
3 years ago
10

Given the following information, compute the property tax rate for the community in percentage terms. Total budget expenditures:

$108 million, Total non-property tax income: $50 million, Total assessed value of all properties: $2 billion, Total exemptions: $550 million.
A. 2.5%
B. 4.0%
C. 10.0%
D. 12.0%
Business
1 answer:
tangare [24]3 years ago
6 0

Answer:

B) 4.0%

Explanation:

to calculate the property tax rate we can use the following formula:

property tax rate = (total budget - non property tax income) / (total asses value of properties - total exemptions)

property tax rate = ($108 - $50) / ($2,000 - $550) = $58 / $1,550 = 0.037 ≈ 4%

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Voluntary turnover arises when an employee chooses to leave an organization on their own accord. The worker resigns or quits from his job. Various reasons, such as better job opportunities elsewhere, Job dissatisfaction, workplace conflicts, disengagement, and many others, may result in employees leaving an organization.

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