Question

Tariq lives in Palm Beach, Florida, and purchased a house for $250,000. The amount of millage for property tax is 11.8. What is the amount of property tax Tariq paid? Enter your answer as a number rounded to the nearest dollar, such as: $42,536.

Answer 1

$29500

Explanation:

We have been given that Tariq lives in Palm Beach, Florida, and purchased a house for $250,000. The amount of millage for property tax is 11.8%. We are asked to find the amount of property tax that Tariq paid.

To find the amount of property tax paid by Tariq, we need to calculate 11.8% of $250,000.

`\text{Amount of property tax paid by Tariq}=\$250,000* (11.8)/(100)`

`\text{Amount of property tax paid by Tariq}=\$2500* 11.8`

`\text{Amount of property tax paid by Tariq}=\$29,500`

Therefore, Tariq paid an amount of $29500 in tax.