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28 December, 19:48

Question #55

A house owner pays a property tax of $8 for every $1,000 of assessed property value.

What is the tax for a home assessed at $150,000?

$1,280

$2,000

$20,000

$200,000

+4
Answers (1)
  1. 28 December, 20:18
    0
    Lets make a proportion with the information we know. For every 1000, 8 of tax is paid.

    8/1000

    Then, use the rest of the information to make another proportion. We don't know how much the tax is, so let's call it x.

    x/150000

    Set the equations equal to each other

    8/1000=x/150000

    Cross multiply

    1000x=1200000

    Divide by 1000 on both sides

    x=1200
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