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%
We need to make h alone.
Add 7 to both sides to remove -7 from the right, and multiply both sides by -1 to make h positive. Doesn't matter which you do first.
Result:
6=h
h=6
