The home of Russell Slater is assessed at $140,000. The tax rate is 11.8 mills. The actual amount of tax on Russell's home is:

Question

Quizplus · Accepted Answer

To find the amount of tax on Russell's home, we need to multiply the assessed value of $140,000 by the tax rate of 11.8 mills, and then convert to dollars.

$140,000 x 0.0118 = $1,652

Therefore, the actual amount of tax on Russell's home is $1,652.

The correct choice is B.

The Home of Russell Slater Is Assessed at $140,000