The Franklin County tax assessor stated that the market value of the Lumm estate is $925,000. The rate of assessment in Franklin County is 35% of the market value. The tax rate is 48.15 mills. What is the annual real estate tax on the Lumm estate?

A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.