Choose the One Alternative That Best Completes the Statement or Answers

question 151

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The property tax on a $160,000.00 house is $2,400.00. At this rate, what is the property tax on a house that is $280,000.00?

• A) $4,620.00
• B) $5,040.00
• C) $3,780.00
• D) $4,200.00

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Definitions:

Retirement Accounts

Financial accounts that offer tax benefits and are specifically designed to save and invest for retirement.

Lump Sum Amount

A single payment made for a particular purpose, rather than payments made in installments.

Employee Retirement Income Security Act

A federal law that sets minimum standards to ensure that voluntary, private industry pension and health plans are established and maintained in a fair and financially sound manner.

Private Retirement Plans

Financial plans that individuals or employers establish to save for retirement, which can include 401(k) plans, IRAs, and other savings models.