How much the cost of the item and sales tax

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Reference no: EM131629046

Question: 1. You have a receipt for a purchase that shows the total amount of the purchase to be $318.97. The sales tax rate is 8.25%. How much of the $318.97 is the cost of the item and how much is sales tax?

2. Find the assessed value of a single-family dwelling with a market value of $338,500 if the assessed valuation is 25% of the market value.

Reference no: EM131629046

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