Question

The building of Jim's Hardware is assessed at $109,000. The tax rate is $86.95 per $1,000 of assessed valuation. The tax due is A. $8,695.45. B. $947.75. C. $9,477.55. D. $8,659.54. E. 94,698.23.

Answer 1

The answer is C, $9,477.55

109,000 / 1,000 = 109

109 x 86.95 = 9,477.55