Tax the assesed home would increase the total amount paid
The tax of a home assesed at $150,000 is $1500
How to determine the tax amount?
The given parameter can be represented using the following ratio:
Ratio = Tax : Amount
So, we have:
$10 : $1000 = Tax : $150000
Express as fraction
10/1000 = Tax/$150000
Multiply both sides by $150000
Tax = $1500
Hence, the tax of a home assesed at $150,000 is $1500
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