6.5% on the net earnings of the company derived from doing business in Tennessee. Franchise (state) 0.25% of the greater of net worth or real and tangible property in Tennessee (minimum $100) Property (local) The 2017 property tax rates in Tennessee range from $0.9684 to $7.3814 per $100 of assessed value. Sales (state) The sales tax rate on food is 4%.
Gas exchange occurs in the lungs. The lungs consist of sacs called alveolus which exchanges oxygen and carbon dioxide to allow for respiration to occur.
Medical Definition of Gas exchange. Gas exchange: The primary function of the lungs involving the transfer of oxygen from inhaled air into the blood and the transfer of carbon dioxide from the blood into the exhaled air. Last Editorial Review: 5/13/2016.