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17 September, 11:18

If the assessed valuation is $103,220 and the tax rate per $100 is $4.32, what is the annual tax?

A) $3,924.45

B) $3,565.24

C) $3,058.08

D) $4,459.10

I got D, is that correct?

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Answers (1)
  1. 17 September, 12:58
    0
    You are correct. The answer is choice D.

    x = annual tax

    4.32/100 = x/103220

    4.32*103220 = 100x

    445910.4 = 100x

    445910.4/100 = 100x/100

    4459.104 = x

    x = 4459.104

    x = 4459.10

    Alternatively take 4.32% of 103,220 to get

    (4.32/100) * 103220

    (0.0432) * 103220

    4459.104

    4459.10

    and we get the same answer
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