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

To solve this problem, we need to calculate the normal tax amount and then apply the discount.<br /><br />Given information:<br />- The value of the condominium is $78,612.<br />- The tax rate is $3.49 for every $100 of value.<br />- If the tax is paid before March 1, 3% 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 = ($3.49 / $100) × $78,612<br />Normal tax amount = $2,764.12<br /><br />Step 2: Calculate the discount amount.<br />Discount amount = 3% of the normal tax amount<br />Discount amount = 0.03 × $2,764.12<br />Discount amount = $82.89<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 = $2,764.12 - $82.89<br />Final tax amount = $2,681.23<br /><br />Therefore, the tax paid if the condominium owner takes advantage of the discount is $2,681.23.