Question

Tariq lives in Palm Beach, Florida, and purchased a house for $250,000. The amount of millage for property tax is 11.8. What is the amount of property tax Tariq paid? Enter your answer as a number rounded to the nearest dollar, such as: $42,536.

Answer 1

Answer:

$29500

Step-by-step explanation:

We have been given that Tariq lives in Palm Beach, Florida, and purchased a house for $250,000. The amount of millage for property tax is 11.8%. We are asked to find the amount of property tax that Tariq paid.

To find the amount of property tax paid by Tariq, we need to calculate 11.8% of $250,000.

$\text{Amount of property tax paid by Tariq}=\ 250,000\times \frac{11.8}{100}$

$\text{Amount of property tax paid by Tariq}=\ 2500\times 11.8$

$\text{Amount of property tax paid by Tariq}=\ 29,500$

Therefore, Tariq paid an amount of $29500 in tax.