Question

Karina is interested in buying a home right now since interest rates are at a low. Her uncle bought a $680,000 house and is paying $8,160 in taxes. If Karina wants to purchase a $375,000 house, what is a good estimate of the amount of taxes she is going to pay?

A) $4,500
B) $5,400
C) $3,375
D) $4,080

Answer 1

A good estimate of the amount of taxes Karina is going to pay for her $375,000 house is $4,500.

Step-by-step explanation:

To estimate the amount of taxes Karina is going to pay for her $375,000 house, we can use the ratio of the tax amount to the house price from her uncle's situation. Her uncle's house is worth $680,000 and he pays $8,160 in taxes. We can set up a proportion to find Karina's estimated taxes:

(8,160 / 680,000) = (x / 375,000)

Cross multiplying and solving for x, we get:

x = (8,160 * 375,000) / 680,000 ≈ $4,500

Therefore, a good estimate of the amount of taxes Karina is going to pay is $4,500.