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For imported luxury goods valued above 100, 000 dollars, the import tax due is 15, 000 dollars plus 22% of the value in excess of 100, 000 dollars. For a shipment valued at 160, 000 dollars, the import tax due is approximately what percent of the value of the shipment?

Explanation	Calculations	Help
$We create a variable to represent the shipment value in thousands of dollars by translating "shipment valued at 160,000 dollars" .$	$V = 160$	Theory & Tactics Method Card TRANS1-A Click to view full details Theory & Tactics Method Card TRANS1-B Click to view full details Theory & Tactics Method Card TRANS4-C Click to view full details
$We translate "import tax due is 15,000 dollars plus 22% of the value in excess of 100,000 dollars" into a formula in thousands of dollars.$	$T = 15 + \frac{22}{100} \times (V - 100)$	Theory & Tactics Method Card TRANS1-B Click to view full details Theory & Tactics Method Card TRANS1-C Click to view full details Theory & Tactics Method Card TRANS2-A Click to view full details
$We calculate the tax amount in thousands of dollars using the formula.$	$T = 15 + 0.22 \times (160 - 100) T = 15 + 0.22 \times 60 T = 15 + 13.2 T = 28.2$
$We express the tax as a percentage of the shipment value.$	$\frac{T}{V} \times 100 = \frac{28.2}{160} \times 100 = 0.17625 \times 100 = 17.625% \approx 18%$	Theory & Tactics Method Card FDPR4-A Click to view full details

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C

For imported luxury goods valued above 100, 000 dollars, the import tax due is 15, 000 dollars plus 22% of the value in excess of 100, 000 dollars. For a shipment valued at 160, 000 dollars, the import tax due is approximately what percent of the value of the shipment?

Explanation	Calculations	Help
$We create a variable to represent the shipment value in thousands of dollars by translating "shipment valued at 160,000 dollars" .$	$V = 160$	Theory & Tactics Method Card TRANS1-A Click to view full details Theory & Tactics Method Card TRANS1-B Click to view full details Theory & Tactics Method Card TRANS4-C Click to view full details
$We translate "import tax due is 15,000 dollars plus 22% of the value in excess of 100,000 dollars" into a formula in thousands of dollars.$	$T = 15 + \frac{22}{100} \times (V - 100)$	Theory & Tactics Method Card TRANS1-B Click to view full details Theory & Tactics Method Card TRANS1-C Click to view full details Theory & Tactics Method Card TRANS2-A Click to view full details
$We calculate the tax amount in thousands of dollars using the formula.$	$T = 15 + 0.22 \times (160 - 100) T = 15 + 0.22 \times 60 T = 15 + 13.2 T = 28.2$
$We express the tax as a percentage of the shipment value.$	$\frac{T}{V} \times 100 = \frac{28.2}{160} \times 100 = 0.17625 \times 100 = 17.625% \approx 18%$	Theory & Tactics Method Card FDPR4-A Click to view full details

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C