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Check the picture below.
so, that'd be 20.24845673131658693325, and to the nearest tenth it'd then be 20.2
Answer:
28.740,
Step-by-step explanation:
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%