Question 781689: A mil is one thousandth of a dollar. The taxation rate in a certain school district is 5.0 mils for every dollar of assessed valuation. The assessed valuation for the district is 13.4 million dollars. How much tax revenue will be raised?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! A mil is one thousandth of a dollar. The taxation rate in a certain school district is 5.0 mils for every dollar of assessed valuation. The assessed valuation for the district is 13.4 million dollars. How much tax revenue will be raised?
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Ans:: (5/1000)(13,400,000) = 5(13,400) = 67,000
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Cheers,
Stan H.
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