0.76 is the answer
hope this helped
Answer:
6
Step-by-step explanation:
Hey!
This could be rewritten as:
2x + 1 + 5x
We can add like terms together:
7x + 1
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%