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?
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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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