A Piece of Property Valued at $2,000,000 Is Assessed for Property

question 240

Multiple Choice

A piece of property valued at $2,000,000 is assessed for property tax purposes at 70% of its value. If the property tax is $20.00 on each $1,000.00 of assessed value, what is the amount of tax?

• A) $23,700.00
• B) $4,000.00
• C) $28,000.00
• D) $12,000.00
• E) $40,000.00

---

Definitions:

Greatest Risk

A term indicating the highest level of potential danger or the likelihood of experiencing a negative outcome in a specific context.

Eating Disorders

Mental disorders defined by abnormal eating habits that negatively affect a person's physical or mental health.

Prostate Cancer

A type of cancer that occurs in the prostate, a small walnut-shaped gland in men that produces the seminal fluid.

Symptoms

Signs or indications of a condition, disease, or change in the body or mind.