Solve the problem.A taxpayer's property has a fair market value of $92,000. The rate of assessment in the area is 25%. The tax rate is $6.76 per $100 of assessed valuation. Find the property tax.

A. $1,554.80
B. $6,219.20
C. $621,920.00
D. $155,480.00


Answer: A

Mathematics

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