The monthly taxes on a property are $400. If the tax rate is $4 per $100 of assessed value, what is the assessed value?

A) $480,000
B) $100,000
C) $120,000
D) $192,000

Answer: C) $120,000

Business

You might also like to view...

Which statement concerning semantics is incorrect?

a. Words in the English language may have multiple or contradictory meanings. b. Semantics is the study of the meaning of words. c. Differences in the meanings of words are often lost in translation. d. All words in the English language have counterparts in other languages.

Business

Which of the following are the basic steps for team development?

a. the need for new organizational forms, the focus on cultural change, and the increase in social awareness b. the definition of objectives, selection of key factors, selection of data-gathering methods, implementation of the method, analysis of data, and evaluation of the effectiveness of data collection c. initiating the meeting, setting objectives, collecting data, planning the meeting, conducting the meeting, and evaluating the team development process d. become aware of problems, gather data, initiate the team development meeting, determine the solutions to the problems, finalize the interventions e. none of the above

Business