Solve the attached file and select the correct answer. Thanks The value of a house is P185,000.00. A community which has an assessment of property at 85% of thevalue. The tax rate is P24.85 per thousand of pesos. How much is the total tax of the house?Select the correct response:P1,850.00P3,907.66P4,597.25P1,480.00

Given: Value of house = P185,000 Assessable value = 85% Tax rate = 24.85 per thousand Pesos

Answered: The value of a house is P185,000.00. A…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The value of a house is P185,000.00. A community which has an assessment of property at 85% of the value. The tax rate is P24.85 per thousand of pesos. How much is the total tax of the house? Select the correct response: P1,850.00 P3,907.66