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Condominium Is Taxed Based on Its 78,612 Value. The Tax Rate Is 3.49 Every 100 of Value. If the Tax Is Paid March 1,3% of

Problemas

A condominium is taxed based on its 78,612 value. The tax rate is 3.49 for every 100 of value. If the tax is paid before March 1,3% of the normal tax is given as a discount. How much tax is paid if the condominium owner takes advantage of the discount? square (Round to two decimal places as needed.) correct: 2

Roztwór

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Respuesta

To solve this problem, we need to calculate the normal tax amount and then apply the discount.Given information:- The value of the condominium is 3.49 for every 3.49 / 78,612Normal tax amount = 2,764.12Discount amount = 2,764.12 - 2,681.23Therefore, the tax paid if the condominium owner takes advantage of the discount is $2,681.23.