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12. A property is assessed at $80,000. The tax rate is $26 per $1,000 with a 2% discount for promptness and an 18% per annum
12. A property is assessed at $80,000. The tax rate is $26 per $1,000 with a 2% discount for promptness and an 18% per annum charge for delinquency. A. Determine the amount owed if taxes are paid before the due date______ B. What amount is owed if the taxes are paid 2 months after due date: ________ C. What is the difference to the property owners between paying on time and paying 2 months late?
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