BUSINESS MATH Name ______________________________

USING EXCEL Date ______________________________

A B C D
1 Chapter 06 - Exercise 01
2
Assessed $100/ $1000/
3 $ Amount Tax Due
Value Mill
4 $19,000 $3.25 $100
5 $22,000 $73.80 $1,000
6 $31,000 $25.00 Mill per $1
7 $44,000 $75.80 Mill per $1
8 $53,200 $44.50 $1,000
9 $63,500 $73.50 $1,000
10 $75,000 $110 $1,000
11 $88,300 $2.90 $100
12 $99,800 $15.88 $1,000
13 $110,000 $5.00 $100
14 $117,300 $50.50 $1,000
15
16 Directions:
17 a. Enter multimath formulas in Column D to calculate the Tax Due.
18 b. Format Column D for Currency, 2 Decimal places, and $.
19 c. Save the file as ch06ex01a.xls.
20
Chapter 06 - Exercise 02

Fair Market Assessed Assessed $100/$1000/ Property

$ Amount
Value Rate Value Mills Tax Due
$73,500 100% $1.25 $100
$139,800 90% $23.00 $1,000
$150,600 50% $45.00 Mills per $1
$49,000 40% $3.90 Mills per $1
$86,500 100% $2.80 $100
$95,500 60% $13.10 $1,000
$80,300 30% $2.50 $100
$120,000 75% $13.25 $1,000
$131,700 80% $10.10 $1,000
$155,000 70% $9.50 Mills per $1

Directions:
a. Enter formulas in Column C to calculate the Assessed Value.
b. Enter formulas in Column F to calculate the Property Tax Due.
c. Format Column C for Currency, 0 Decimal places, and $. Format Column F for
Currency,
2 Decimal places, and $.