AnswersFinancial MathSales and Property Taxes — QuizQuestion 4
4
QuizMultiple Choice

Sales and Property Taxes — Quiz

Question 4 • Financial Math

A homeowner is comparing property taxes on a house valued at $⁢300,000 in two different counties. County X has a property tax rate of 1.1% , while County Y has a property tax rate of 1.5% What is the difference in annual property taxes between the two counties?

Answer
A
3 dollars comma 000
B
1 dollars comma 800
C
1 dollars comma 200
D
450 dollars

Explanation

County X’s annual tax is 1.1% of $300,000, or $3,300. County Y’s annual tax is 1.5% of $300,000, or $4,500. The difference is $4,500 − $3,300 = $1,200, so the correct choice is $1,200.

AI-written and checked against the verified answer.

Previous
Next

More from this Course

Quiz
52 verified answers

Quiz

Quiz
29 verified answers

Quiz

Quiz
30 verified answers

Quiz