Jigger Is Planning to Buy a House

question 3

Multiple Choice

Jigger is planning to buy a house. He has two options. A 2400 sq. ft. bungalow in Whitby costs $389 000. A similar size house costs $369 000 in Oshawa. Jigger plans to base his decision on the cost of property tax paid. Whitby charges the property tax at the mill rate of 13.59815, whereas Oshawa charges the property tax at the mill rate of 16.18347. Where will Jigger end up paying less tax and likely buy the home?

• A) Oshawa
• B) Whitby
• C) It costs the same in both Oshawa and Whitby
• D) Not enough data to make a decision
• E) He should not buy at all

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Definitions:

Normative Time

A societal or culturally established timeframe for when certain life events or developmental milestones are expected to occur.

Five-factor Model

A conceptual model based on the theory that five broad dimensions are sufficient to describe human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraverted

Describes individuals who are outgoing, sociable and draw energy from being around other people.

Gregarious

Describing a person or animal that enjoys being in social groups and often seeks the company of others.