Question

The tax rate on Jerome Jame's $112,000 vacation home is 25 mills. The property is assessed at full value. How much will Jerome pay in taxes this year?
A. $7,800
B. $2,800
C. $28,000
D. $780

Answer 1

Answer:  Option 'B' is correct.

Step-by-step explanation:

Since we have given that

Amount of vacation home of Jerome Jame = $112000

Rate of tax = 25 mills

means, 25 on  each $1000.

So, Amount of tax paid by Jerome is given by

$\frac{25}{1000}\times 112000\\\\=25\times 112\\\\=\ 2800$

Hence, Option 'B' is correct.

Answer 2

C. 28,000 The correct answer is 28,000