BUSINESS DECISION: EARLY PAYMENT, LATE PAYMENT You own a townhome with an assessed value of $175,000. The tax rate is $2.2 per $100 of assessed value. Round your answers to the nearest cent. a. What is the amount of property tax? $ 3850 b. If the state offers a 3% discount for early payment, how much would the tax bill amount to if you paid early? Do not round intermediate calculations. c. If the state charges a mandatory 3 -% penalty for late payments, how much would the tax bill amount to if you paid late? Do not round intermediate calculations. BUSINESS DECISION: EARLY PAYMENT, LATE PAYMENT You own a townhome with an assessed value of $175,000. The tax rate is $2.2 per $100 of assessed value. Round your answers to the nearest cent. a. What is the amount of property tax? $ 3850 b. If the state offers a 3% discount for early payment, how much would the tax bill amount to if you paid early? Do not round intermediate calculations. c. If the state charges a mandatory 3 -% penalty for late payments, how much would the tax bill amount to if you paid late? Do not round intermediate calculations