A Home with a Market Value of $240,000 Is Assessed

question 97

Multiple Choice

A home with a market value of $240,000 is assessed at 40% of the market value. The assessed value is:

• A)$144,000
• B)$96,000
• C)$69,000
• D)$9,600
• E)None of these

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Definitions:

Freons

A trademarked name for a group of chlorofluorocarbon (CFC) and hydrochlorofluorocarbon (HCFC) gases used primarily as refrigerants and aerosol propellants, now commonly linked to ozone depletion.

Propellants

Chemicals that are used to propel an object by generating gas under pressure; common in rockets and aerosol cans.

Aerosol Cans

Containers that use pressurized gas to dispense substances in a fine spray.

N-hexane

A straight-chain alkane with the formula C6H14, used as a non-polar solvent in the extraction of edible oils from seeds and vegetables.