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

Correction

Property tax is 11.8% not just 11.8

Answer:

$29, 500

Step-by-step explanation:

Given tax of 11.8% then it means beside the cost if the house, Tariq pays amount equivalent to 11.8%.

Given the the cost of the house is $250, 000 then the amount of tax will be

$\frac {11.8}{100}\times 250000$

This will be 0.118*$250000=$29, 500

Therefore, the amount of tax is equal to $29, 500