Use the following passage to answer questions 41 and 42.

Property Tax Administration

The amount of property taxes paid by an individual property owner is determined by two factors. The first factor is the assessed value of the property, and the second is the property tax rate. The maximum allowable property tax rate is one percent of the property's assessed value. Under current property tax legislation, the assessed value can only be increased by the rate of inflation not to exceed a maximum of two percent per year. In addition to increases for inflation, the assessed value can be increased if new construction occurs. In cases in which the market value of a property may have decreased, it is the responsibility of each county assessor to determine the market value and adjust the assessed value if it exceeds market value.

41. Assume the following: A property's current assessed value is $219,500. The property tax rate for this property is 0.49 percent. The current annual rate of inflation is 3 percent. According to the information presented in the paragraph above, if the property tax for this property is calculated with an adjustment for inflation, which of the following equations would accurately calculate the property tax bill for this property?

a. (0.0049 x 1.01) x (219,500)

b. (0.0049 x 1.03) x (219,500)

c. (0.0049) x (1.02 x 219,500)

d. (0.0049) x (1.03 x 219,500)

42. Assume that a property's current property tax rate is 0.88 percent, and the current rate of inflation is 2.9 percent. According to the information presented in the paragraph above, how could the rate of inflation affect the amount of property taxes paid on this property?

a. The total amount of property taxes due on this property could be increased by 2.9 percent to adjust for the rate of inflation.

b. The assessed value of the property could be increased by 2.9 percent to factor in the rate of inflation.

c. The property tax rate applied to the property could be increased to one percent to factor in the rate of inflation.

d. The property's assessed value could be increased to 102 percent of its current value to factor in the rate of inflation.

Use the information below to answer questions 43 and 44.

Assume that you manage an auditing project that utilizes the following project plan:

Phase 1a Phase 1b Phase 2a Receive data Organize data Distribute audits to analysts by division (You) from Fiscal by division Office (You) (You) (Week 4) (Week 1) (Weeks 2 & 3) Division D Division B Division C Division A Phase 2b Phase 2b Perform audits Perform audits (Team A) (Team B) (Weeks 5- 8) (Weeks 5 - 8) Inaccurate Phase 2c Inaccurate Review audits for accuracy (You) (Weeks 8 - 12) Accurate Phase 2d Completion of audit process (by end of Week 14)Technical Support Availability Schedule (* Software Department & Mon. Tues. Wed. Thurs. Fri. 9 a.m. to 12 p.m. Ali Carol Carlos Jim Phil 1 p.m. to 5 p.m. Carol Ali Phil Carlos Jim Hardware Department & Mon. Tues. Wed. Thurs Fri. 9 a.m. to 12 p.m. Nina Kenneth James Sally Carlos 1 p.m. to 5 p.m. Carlos Sue Nina Kenneth James @ Requests will be processed in the order received. Staff is off duty from 12-1 during lunch hours, except on Mondays and Fridays, when a.m. staff will assist during those hours. Staff is off duty from 12-1 during lunch hours, except Tuesdays and Thursdays, when p.m. staff will assist during those hours. Every second Thursday of the month all staff will switch a.m. and p.m. shifts in their respective departments.Faculty 32% University 2010 Employee Salary Librarians Allocation 2% Staff Researchers 36% 18% Administrators 12% Faculty 46% 2020 Librarians 1% Staff Researchers 23% 15% Administrators 15%20 Quarter 3" Quarter 4 Quarter Training Project Duration Tasks Apr May Jun Jul Aug Sep Oct Nov Dec PHASE 1 1. Review existing training 7 wks strategies 2. Interview subject matter 5 wks experts 3. Identify constraints with current training strategies 4 wks Define requirements for strategies 6 wks E PHASE 2 5. Define specifications 4 wks 6. Determine options 6 wks 7. Planning Workshop 3 wks PHASE 3 8. Finalize new training strategies 4 wks 9. Prepare user training manual 10 wks 10. Conduct user training 7 wks IMPLEMENTATION Progress to date Projected timeline