Question

Franklin lives in a state that charges property tax on vehicles. He has a SUV worth $1, and the yearly property tax is $12.38 for every $1, of value. How much will he pay in yearly property tax?

Answer 1

Answer: $12.38

Explanation:

Property taxes are charged on vehicles and Franklin has an SUV. He will therefore be charged property taxes on the SUV.

The SUV is valued at $1.

The yearly property tax is $12.38 per $1.

Franklin's property tax will therefore be $12.38 because the SUV is worth $1.