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 p

Question

3 years ago

7

ay in taxes this year?
A. $7,800
B. $2,800
C. $28,000
D. $780

2 answers:

Alex Ar [27] · Answer 1 · 2022-02-04T19:58:04+03:00

6 0

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.

Vaselesa [24] · Answer 2 · 2022-02-04T18:33:41+03:00

Vaselesa [24]3 years ago

4 0

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