A condominium is taxed based on its 78,894 value. The tax rate is 3.43 for every 100 of value. If the tax is paid before March 1,4% 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.)

To solve this problem, we need to calculate the normal tax amount and then apply the 4% discount.<br /><br />Given information:<br />- The value of the condominium is $78,894.<br />- The tax rate is $3.43 for every $100 of value.<br />- If the tax is paid before March 1, 4% of the normal tax is given as a discount.<br /><br />Step 1: Calculate the normal tax amount.<br />Normal tax amount = (Tax rate / 100) × Value of the condominium<br />Normal tax amount = (3.43 / 100) × 78,894 = $2,696.22<br /><br />Step 2: Calculate the discount amount.<br />Discount amount = 4% of the normal tax amount<br />Discount amount = 0.04 × $2,696.22 = $108.49<br /><br />Step 3: Calculate the final tax amount after the discount.<br />Final tax amount = Normal tax amount - Discount amount<br />Final tax amount = $2,696.22 - $108.49 = $2,587.73<br /><br />Therefore, the tax paid if the condominium owner takes advantage of the discount is $2,587.73 (rounded to two decimal places).