If You Own a House Worth $200,000, You Will Pay

question 11

Multiple Choice

If you own a house worth $200,000, you will pay more in income property taxes than if your house is worth $100,000. This is because the property tax is a(n) _______ tax.

• A) variable
• B) popular
• C) ex post facto
• D) ad valorum

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Definitions:

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Profit Margin

A ratio or percentage that measures the profitability of a business, calculated by dividing net income by revenue.

Investment Center

A segment or area of a business responsible for its own revenues, expenses, and investment in assets, often evaluated on its return on investment.

Authority

The ability or prerogative to issue commands, decide on matters, and compel adherence.