Nbspthe city of touristburg has implemented a lodging tax, Business Economics

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Nbspthe city of touristburg has implemented a lodging tax

1. The city of Touristburg has implemented a lodging tax equal to 2% of gross revenue at local hotels. If you stay in a hotel that costs $250 per night for 3 nights, how much will you pay in lodging taxes? __________

2. The city of Touristburg estimates the annual gross revenues of all hotels within the city limits at $14.3 million. Estimate the annual revenue from its 2% lodging tax.

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Business Economics: Nbspthe city of touristburg has implemented a lodging tax

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Business Economics: Nbspthe city of touristburg has implemented a lodging tax

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