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(TCO D) A residence in Brevard County has an assessed value of $150,000. Its owner qualifies for an old age exemption of $10,000 and a homestead exemption of $20,000. The property tax rate is $5 per $100 AV. What will be the property tax bill on this property?
$7,500
$7,000
$6,500
$6,000
(TCO E) The Federal government taxes consumption mainly through:
General retail sales taxes.
Value added taxes (VAT).
Selective excise taxes.
Payroll taxes.