(184,000 is incorrect)

Monroe county levies a tax on the value of real property located within the county. The tax equals 3 percent of the property's assessed value up to $2 million plus 1 percent of the value in excess of $2 million. Required: a. Compute the tax on real property valued at $1.02 million. b. Compute the tax on real property valued at $3.10 million. Complete this question by entering your answers in the tabs below. Compute the tax on real property valued at $3.10 million. Note: Enter your answers in dollars not in millions of dollars