Intro to Business Quantitative Methods-Ch. 19

1. Real Property: Land, Buildings, etc
2. Personal Property: possessions like jewelry, autos, furniture, etc.
3. Assessed Value = Assessment Rate x Market Value

1. Excise Tax Amount = Retail selling price x Excise tax rate

Attachments:

• TOTAL COST AFTER SALES TAX

1. Sales Tax Amount = Retail selling price x Sales tax rate