Solved

Vervet County Levies a Real Property Tax Based on the Following

Question 57

Multiple Choice

Vervet County levies a real property tax based on the following schedule.  Rate  Assessed value 38$0 to $250,000+18$250,001 and above \begin{array}{rr}\text { Rate }&\text { Assessed value }\\38 & \$-0-\text { to } \$ 250,000 \\+18 & \$ 250,001 \text { and above }\end{array} Bilex Inc. owns real property valued at $629,800. Compute Bilex's tax on this property.


A) $13,798
B) $7,500
C) $6,298
D) None of the choices are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions