Question

If the assessed valuation is $103,220 and the tax rate per $100 is $4.32, what is the annual tax?

A) $3,924.45

B) $3,565.24

C) $3,058.08

D) $4,459.10

I got D, is that correct?

Answer 1

You are correct. The answer is choice D.

x = annual tax

4.32/100 = x/103220
4.32*103220 = 100x
445910.4 = 100x
445910.4/100 = 100x/100
4459.104 = x
x = 4459.104
x = 4459.10

Alternatively take 4.32% of 103,220 to get
(4.32/100)*103220
(0.0432)*103220
4459.104
4459.10

and we get the same answer