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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

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

Essentials Of Investments
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
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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 P4,597.25 P1,480.00
Transcribed Image Text: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 P4,597.25 P1,480.00
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