1 x 5 = 5 + 3 = 8
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Given:
assessment rate = 51%
tax rate = 53.26 per 1,000
53.26 / 1000 = 0.05326
0.05326 x 100% = 5.326%
Effective tax rate = assessment rate * tax rate
ETR = 51% * 5.326%
ETR = 2.72%
C.i need help...
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Answer:
14%
Step-by-step explanation:
To change a fraction to a percentage multiply fraction by 100%, that is
× 100% = 7 × 2% = 14%