ASVAB Armed Services Vocational Aptitude Battery (#68)

Section: Arithmetic Reasoning

In Hendricks on Township, houses are assessed at 80% of the purchase price. If Mr. Thomas buys a house in Hendricks on for $120,000 and rea estate taxes are $4.75 per $100 of assessed valuation, how much property tax must he pay per year?

$3,648
$5,472
$4,560
$4,845