A plot of land is valued at $18,000 with a land tax of $0.70 per $100. What is the total land tax paid?

• A. $126
• B. $140
• C. $150
• D. $180

Answer: (A)

To find the total land tax paid on a plot of land valued at $18,000, it's important to first determine how the tax is calculated based on the given rate of $0.70 per $100 of the land value.

Start by calculating how many hundreds are in the total land value of $18,000. This is done by dividing the total value by 100:

[

\frac{18,000}{100} = 180

]

This indicates that there are 180 hundreds in $18,000. Since the tax rate is $0.70 for each hundred, you can now calculate the total tax:

[

180 \times 0.70 = 126

]

Thus, the total land tax paid amounts to $126. This calculation shows the per hundred rate applied to the total number of hundreds in the land value, yielding the correct tax amount. Understanding this calculation method is crucial for determining taxes based on incremental values such as hundreds.