The Property Tax Year Runs from January 1 Through December

question 78

Multiple Choice

The property tax year runs from January 1 through December 31. The taxes on a certain house are $1,440 this year and have not yet been paid. If the house sells and the closing date is December 10ᵗʰ, the

• A) buyer owes the seller $82.85.
• B) buyer owes the seller $1,357.15.
• C) seller owes the buyer $82.85.
• D) seller owes the buyer $1,357.15.

---

Definitions:

Drive-Reduction Theory

A theory in psychology that explains motivation as being rooted in biological needs that drive behavior towards reducing or eliminating those needs.

Behavioral-Learning Theory

A theory that emphasizes learning through interactions with the environment and the association between stimuli and responses.

Separation Anxiety

The distress that babies show when the person to whom they are attached leaves.

Stranger Wariness

A developmental phase in infants where they show anxiety or fear towards unfamiliar people.