The first 5 terms of a sequence are shown below:
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We have been given that Mr. Luis wants to sell his house. The state he lives in charges a 3.5% sales tax on the sale of a house. The county charges a 3.9% sales tax, and the city charges a 2.2% sales tax.
We are asked to find the total tax, if Mr Luis sells his home for $122,500.
To find total tax, we will add all tax rates as they are being applied to same base.
Now we will find 9.6% of $122,500 to find total tax bill.
Therefore, the total tax bill of Mr. Luis would be .