Real Estate Math
A Missouri property tax assessment is $58,900 and the tax rate is $9.20 per $100. What is the annual tax bill?
A$5,198.80
B$5,419.20✓ Correct
C$5,000.00
D$5,600.00
Explanation
Annual tax = ($58,900 ÷ $100) × $9.20 = 589 × $9.
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