1. A dealer sold 120 bbl. of flour for $792, which was 12% less than he paid for it.

2. A merchant bought 6120 buttons at $8.00 a great gross (144 doz.) and retailed them at 12g a dozen.

3. An irregular stone was thrown into a cylinder 40 in. in diameter, which was partly filled with water. After the stone was thrown in, the water in the cylinder rose 10 in.

4. Mr. Brooks raised 5 times as many bushels of potatoes as Mr. Avery, and Mr. Maxfield raised 10 bu. more than both of the others. All together they raised 322 bushels.

5. A house worth $16,000 was insured for of its value at 11%, and later was totally destroyed by fire.

6. Mr. A loaned $620 for 4 yr. 3 mo. at 6% annually, interest payable quarterly.

7. Mr. B loaned the same sum at the same rate of interest, but the interest was payable annually.

8. The parallel sides of a field in the form of a trapezoid are 24 rd. and 68 rd., and the distance between them is 24 rd. The field was sold at $80 an acre.

9. A merchant bought 360 yd. of cloth for $630; of it was damaged by fire, but he sold the remainder so as to gain 20% on the whole.

10. The premium on 4800 yd. of silk was $175. The insurance was on of the value of the silk at 31%.

11. A drover sold 600 sheep at $5 a head. He gained 50% on one half of them, and lost the same per cent on the other half.

12. A ship in 20° west longitude sent a wireless telegram at noon. It was received in London immediately.

13. A man left an estate of $15,000 to be divided between his wife and daughter in the ratio of 2 to 3.

14. A grocer insured his goods for $18,000, which was of their value. He paid a premium of $225.

1. Mention several things for which a city or town needs money.

2. Money to pay for schools, roads, sewers, lights, fire and police protection, is raised by means of a tax.

3. A sum of money assessed on persons and owners of property to meet the expenses of a town, county, city, or state, is called a tax.

4. Poll means head. What, then, is a poll-tax?

5. Who pays a poll-tax? Does a man need to own property in order to be assessed a poll-tax?

6. Any tax upon real estate or personal property is called property tax.

7. Real estate is a form of property that consists of lands, houses, or, in general, immovable property.

8. Personal property consists of money, horses, merchandise, or, in general, movable property.

9. Assessors are persons appointed to make an inventory of all taxable property and estimate its value. The value the assessors put on property is called its assessed value. In some places property is not assessed for its full value.

10. The collector is the one chosen to collect the taxes. 11. Find out how large a poll-tax is assessed in your town or city, and also how large a tax on property is assessed. 12. Taxes are usually assessed as follows:

a. The state determines the amount to be expended for state purposes and divides that amount among the counties according to their valuation.

b. The county adds to this sum the amount it will need for county expenses and divides the total among the towns of the county according to their valuation.

c. Each town adds to this amount whatever it needs for its own local expenses and thus finds the total tax or tax levy.

1. In some states the county and state tax are found separately and are not united with the town tax.

2. The rate of taxation is usually expressed as a certain amount on each dollar, which can be easily changed to a rate per cent. Thus a tax of 15 mills on a dollar is 11%.

3. Taxes are usually collected as follows:

a. The assessors find the number who must pay a poll-tax. Then multiply the tax on one poll by the number of polls to find the poll-tax. The poll-tax is then subtracted from the tax levy. The remainder is the property tax.

b. The assessors next find the entire valuation of the town, which is called the total valuation.

c. They next divide the property tax by the total valuation to find the tax on $1, called the tax rate.

d. They now multiply the value of each man's property by the tax rate and find his tax on property.

4. There are 4120 persons, each of whom pays $1.50 in the city of B. The total valuation is $5,864,528, and the total tax $94,147.92. What property tax must Mr. Philips pay who owns a mill valued at $4500 and who owns personal property at $1240?

5. The property valuation of a town is $1,500,000, and the tax levy is $12,500. There are 250 men, each paying $2. Mr. Dunbar's real estate is valued at $7500 and his personal property at $4500. Find his tax, including a poll-tax.

6. In the town of C there are 2500 polls, each taxed $2. The tax levy is $245,000, and the taxable property is $12,000000. Find Mr. J's tax on property worth $125,000.

1. Given the amount of taxable property and the tax to be raised, what can you find? How can you find it? 2. The amount of taxable property is $200,000,000. the tax levy is $2,000,000, what is the tax rate?

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3. Given the amount of taxable property and the rate of taxation, what can you find? How can you find it? 4. Mr. S is worth $50,000. If the rate of taxation is 11%, what tax must Mr. S. pay?

5. Given the tax to be raised, and the rate of taxation, what can you find? How can you find it?

6. Mr. M's tax last year was $45. If the rate of taxation was 15 mills on $1, find the assessed valuation of his property.

7. The rate of taxation in the town of C is 11%. What is the tax of Mr. A, whose real estate is valued at $3000 and personal property at $1000?

8. When the rate of taxation is 13%, what tax must Mr. Smith pay, if he is worth $5000?

9. Find the tax on property assessed at $2000, when the rate of taxation is 12 mills on a dollar.

10. Mr. A paid $6 as a special tax levied at 6 mills on $1. Find the value of his property.

11. The tax rate is 13 mills. How much tax must be paid on property assessed at $12,000?

12. In a certain town there are 1200 polls, each assessed $2. Find the poll-tax. If the tax levy is $40,000, how large a tax must be raised on property?

13. In the town of B, the assessed valuation of the property is $200,000, and the tax levy is $4000. What is the rate of taxation?

14. If the tax rate is 11% and your father's property is assessed at $4000, what tax must he pay, including a polltax of $2?

1. A tax of $50,000 is levied in a town valued at $3,200,000. There are 1000 persons who pay a poll-tax of $2. What is C's tax if his property is valued at $9000 and he pays a poll-tax?

2. The real estate of a city is assessed at $3,099,500, and the personal property at $1,487,280. The tax levy is $66,023.92, and there are 1340 polls assessed at $1.35. Find Mr. A's poll and property tax, if his property is assessed at $18,000.

3. When the tax rate is 21 mills on a dollar, what is the assessed value of property that pays a tax of $626.22? 4. What is the rate of taxation when $2,285.10 is the tax upon $152,340?

5. There are 200 taxable polls in the town of Sheffield, each assessed $2. The expenses of the town are $16,150, and the valuation of the property is $1,750,000. Mr. Mellen owns $2460 worth of property. Find his tax including one poll.

6. A man's property is assessed at $6500 and the rate is 3 mills on a dollar. Find the amount of his tax if he is allowed 2% for payment before a certain date.

7. In the town of H there are 1200 polls, each taxed $1. The taxable property is $30,000,000 and the tax levy is $151,200. What tax does Mr. Sims pay who is assessed $12,000 for real estate and $2500 for personal property and who pays one poll-tax?

8. How much tax will a person pay whose property is assessed at $246,500, if he pays 12% city tax, 1% school tax, and 3% county tax?

9. The real estate of a town is assessed at $1,105,843, and the personal property at $249,031. The tax to be raised is $21,258.11, and there are 850 polls, each assessed $1.10. What tax will Mr. Martin pay if his property in the town is assessed at $8650 and he, not being a resident of the town, pays no poll-tax?