Question

Sam pays $5204 in property tax each year. How much should he budget each month for property tax?

A) 433.67
B) 216.83
C) 100.07
D) 200.15

Answer 1

5204/12=
A) 433.67
hope it helps

Answer 2

To budget we need to consider the time we have.

As here we need to budget on a monthly basis.

We shall divide the annual budget by 12 to get the monthly budget

So we need to consider the 12 months of an year.

Now the total tax is $5204.

To distribute it evenly for each month, we divide this by 12.

We get

= 5204 / 12 = $433.67

Sam should budget $433.67 each month to pay the $5204 annual property tax

Option A) is the right answer