The Amount of Real Estate Taxes Is Generally Based Upon

question 42

Multiple Choice

The amount of real estate taxes is generally based upon:

• A) the value of the property.
• B) the original purchase price of the property.
• C) the use of the property.
• D) the depreciated value of the property.

---

Definitions:

Employee Options

A form of employee benefit that gives employees the right to purchase company stock at a set price at a future date.

Debt Options

Financial instruments giving the holder the right, but not the obligation, to deal with debt under specified conditions.

Calls

Options contracts giving the holder the right, but not the obligation, to buy a specified amount of an underlying asset at a specified price within a specified time.

American Options

Options that can be exercised at any time up to the expiration date, unlike European options which can only be exercised on the expiration date.