You own an a townhome with an assessed value of $184,100. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) (a) What is the amount of property tax (in $)? %24 (b) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? %24 (c) If the state charges a mandatory 3% penalty for late payments, how much (in $) would the tax bill amount to if you paid late? %24

You own an a townhome with an assessed value of $184,100. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) (a) What is the amount of property tax (in $)? %24 (b) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? %24 (c) If the state charges a mandatory 3% penalty for late payments, how much (in $) would the tax bill amount to if you paid late? %24

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 35P

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