A homeowner receives a tax bill that includes an amount for the library district, taxed at $1.00 per $1,000, and the fire protection district, taxed at $2.00 per $1,000. How much does the taxpayer have to pay for these two items if the property's taxable value is $470,000?

$1,410

Explanation:

Given the following :

Library district tax:

$1.00 per $1000

Fire protection district tax:

$2.00 per $1000

TAXABLE value of property = $470,000

Library district tax on property :

($470,000 ÷ $1000) * $1.00

470 * $1.00 = $470

Fire protection district tax on property :

($470,000 ÷ $1000) * $2.00

$470 * $2.00 = $940

Toral tax value :

$940 + $470 = $1,410

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know