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.
Gas exchange. Gas exchange is a biological process through which different gases are transferred in opposite directions across a specialized respiratory surface. Gases are constantly required by, and produced as a by-product of, cellular and metabolic reactions, so an efficient system for their exchange is extremely important. It is linked with respiration in animals, and both respiration and photosynthesis in plants, bacteria and some protista.