I am homeschooling and I have just got into Consumer Math and ive been reading through my books but cant find anything to really help me on this question and one like it, here it is:
Q:John and Mary Billings own a condo with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay?
Its multiple choice and the choices are:
A.$2,750 B.$1,840 C.$1,420 and D.$1,200
All help is very appreciated.