Question: Question 20 Solve the problem. A taxpayer's property has a fair market value of $94,000. The rate of assessment in the area is 35%. The

Question 20

Solve the problem. A taxpayer's property has a fair market value of $94,000. The rate of assessment in the area is 35%. The tax rate is $5.34 per $100 of assessed valuation. Find the property tax.

		$5019.60
		$1756.86
		$501,960.00
		$175,686.00

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