In the Community of Borg, the Market Value of a Home

question 71

Multiple Choice

In the community of Borg, the market value of a home is $080,000. If the assessment rate is 45%, the assessed value is:

• A) $542,857
• B) $292,308
• C) $85,500
• D) $85,505
• E) None of these

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Definitions:

Being Qualified

Having the necessary skills, qualities, or attributes to meet the requirements of a particular role or task.

Deceptive

Intended to mislead or trick someone into believing something that is not true.

Omits

Refers to the act of leaving something out or failing to include a piece of information or detail.

Material Fact

Any fact that could influence the decision of an individual in making a contract, or in the context of legal proceedings, a fact that could affect the outcome.