Question

Question #55

A house owner pays a property tax of $8 for every $1,000 of assessed property value.
What is the tax for a home assessed at $150,000?
$1,280
$2,000
$20,000
$200,000

Answer 1

Lets make a proportion with the information we know. For every 1000, 8 of tax is paid.

8/1000

Then, use the rest of the information to make another proportion. We don’t know how much the tax is, so let’s call it x.

x/150000

Set the equations equal to each other

8/1000=x/150000

Cross multiply

1000x=1200000

Divide by 1000 on both sides

x=1200