The tax rate on Harriet Walkers 80,000 vacation home is 20 mills. The property is assessed at full value. How much will Harriet Walker pay in taxes this year?
A. 2,000
B. 640
C. 1,600
D. 440
C
80000 * .020 = 1600
To calculate the amount Harriet Walker will pay in taxes this year, we need to multiply the assessed value of the vacation home by the tax rate.
The tax rate is given as 20 mills, or 0.02 in decimal form.
The assessed value is the full value of the property, which in this case is $80,000.
To find the amount in taxes, multiply the assessed value by the tax rate:
$80,000 x 0.02 = $1,600.
Therefore, Harriet Walker will pay $1,600 in taxes this year.
So, the correct answer is C.
To calculate how much Harriet Walker will pay in taxes this year, we need to multiply the property value by the tax rate.
The tax rate is stated as 20 mills, which means that for every dollar of assessed value, Harriet will pay $0.02 in taxes.
The assessed value of the vacation home is given as $80,000.
So, Harriet will pay $80,000 x $0.02 = $1,600 in taxes this year.
Therefore, the correct answer is option C) $1,600.