Property Tax Is Based on the Assessed Value of a Property.A

question 459

Multiple Choice

Property tax is based on the assessed value of a property.A house that has an assessed value of $200,000 has a property tax of $4,820.Find a mathematical model that gives the amount of property tax y in terms of the assessed value x of the property.Use the model to find the property tax on a house that has an assessed value of $230,000.(Round your answer to four decimal places.)

• A) \(y = 0.0241 x ; \$ 230,000\)
• B) \(y = 0.0241 x ; \$ 5543\)
• C) \(y = 41.4938 x ; \$ 5543\)
• D) \(y = 41.4938 x ; \$ 9,543,568\)
• E) \(y = 0.0241 x ; \$ 9,543,568\)

Understand the key concepts and practices of diversity leadership.

Recognize the challenges and barriers faced by minorities and women in organizations.

Identify strategies for promoting inclusion and maximizing the potential of all organizational members.

Analyze the impact of gender and cultural diversity on organizational performance.

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Definitions:

Nonsystematic Risk

The risk associated with a specific issuer of a security, also known as idiosyncratic or unsystematic risk, that can be reduced through diversification.

Well-Diversified Portfolio

An investment portfolio that includes a mix of assets (e.g., stocks, bonds, real estate) to reduce risk through diversification.

Nonsystematic Variance

Refers to the variability in a security or portfolio returns that is not due to market-wide influences but rather specific to an individual security or firm.

Factor Beta

Sensitivity of security returns to the realization of a systematic factor. Also called factor loading and factor sensitivity.