A state gets its money from a state lottery a property tax a sales tax...

70.2K

Verified Solution

Question

Geometry

image

A state gets its money from a state lottery a property tax a sales tax of 5 and an excise tax This year it projects that it will receive 28 million from the state lottery 36 million from the property tax and 12 million from the excise tax If the state needs 100 million to cover its expenses how many dollars worth of taxable items must be purchased in the state this year for the state to break even A 120 000 000 B 480 000 000 C 24 000 000 D 1 200 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students