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Updated on: 03 Oct 2025, 00:33
Originally posted by Sajjad1994 on 23 Nov 2023, 06:47.
Last edited by Bunuel on 03 Oct 2025, 00:33, edited 1 time in total.
Last edited by Bunuel on 03 Oct 2025, 00:33, edited 1 time in total.
Kudos
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Total population: 9,961
Male: 46.2%
Female: 53.8%
Estimated median household income: $40,072
Estimated median home value: $90,658
Median rent payment: $543
Male: 46.2%
Female: 53.8%
Estimated median household income: $40,072
Estimated median home value: $90,658
Median rent payment: $543
Watershed taxes are assessed at a rate of 2.7%: No
The total fair market value of the private property upon which Steve and Amanda's assessed valuation is based exceeds $75,000.: Yes
Amanda and Steve own nonvehicular personal property.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
57% (03:13) correct
43%
(03:05)
wrong
based on 786
sessions
History
Date
Time
Result
Not Attempted Yet
Consider each of the following statements. Does the information in the three sources support the inference as stated?
| Yes | No | |
| Watershed taxes are assessed at a rate of 2.7% | ||
| The total fair market value of the private property upon which Steve and Amanda's assessed valuation is based exceeds $75,000. | ||
| Amanda and Steve own nonvehicular personal property. |
ShowHide Answer
Official Answer
Watershed taxes are assessed at a rate of 2.7%: No
The total fair market value of the private property upon which Steve and Amanda's assessed valuation is based exceeds $75,000.: Yes
Amanda and Steve own nonvehicular personal property.: No
93%
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
97% (00:57) correct
3%
(01:14)
wrong
based on 669
sessions
History
Date
Time
Result
Not Attempted Yet
2. If the information contained in all three sources is correct, and Amanda and Steve rent an apartment for $505 per month, the cost of their rent as a percentage of the median rent payment in their city is closest to __________.
| 76% | |
| 79% | |
| 81% | |
| 93% | |
| 97% |
McGraw-Hill
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15 Dec 2023, 05:01
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WEIQING
Hi Weiqing,
For the first problem:
1) We are given that the total tax amount is $519.26. Of that total, $80 were watershed taxes. \(\frac{80}{519.26} * 100 = 15.4%\) which does not equal 2.7%. The answer is No.
2) The couples' assessed valuation on tab 3 is $7,940. On tab 2 (taxation sources) we are told that all taxes are figured on a 10% base of the fair market value of personal including certain outbuildings, vehicles, livestock, and other non-real-estate property. This means that we can take \(\frac{$7940}{0.1} = $79,400\) to find the total fair market value of their personal property. The answer is yes, because $79,400 > $75,000.
3) On tab 3 the personal property that is listed is two trucks and a boat, all of these are vehicles. No other personal property is listed. The answer is No.
For the second problem:
We are given that their rent is $505 and that the median rent (tab 1) in the city is $543. \(\frac{$505}{$543}=0.93001\) which is closest to D (93%).
