Answer:
Explanation:
a) In the case of next year’s tax base equalling the current year base:
Tax revenue = 8,000,000*11% = 880000
b) In the case of tax base increasing to $9.3 million:
Tax revenue = 9,300,000*11% = 1,023,000
c) In the case of tax base decreasing to $7 million:
Tax revenue = 7,000,000*11% = 770,000