9
QuizMultiple Choice

Sales and Property Taxes — Quiz

Question 9 • Financial Math

Two locations charge different property tax rates on a $⁢350,000 home. One charges 0.8% and the other charges 1.3% How much more in taxes would be paid in the location with the higher rate?

Answer
A
1 dollars comma 400
B
1 dollars comma 200
C
1 dollars comma 750
D
3 dollars comma 500

Explanation

Find the difference between the rates: 1.3% − 0.8% = 0.5%. Then calculate 0.5% of $350,000: 0.005 × $350,000 = $1,750. The location with the higher rate charges $1,750 more in taxes, which is choice B.

AI-written and checked against the verified answer.

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