What would the monthly rate be if annual taxes are $750? Round to the nearest cent.

What would the monthly rate be if annual taxes are $750? Round to the nearest cent.

• A. $125.00
• B. $14.42
• C. $62.50
• D. $75.00

Answer: (C)

To determine the monthly rate from annual taxes of $750, you need to divide the total annual amount by 12, since there are 12 months in a year. Calculating it gives: $750 (annual taxes) ÷ 12 (months) = $62.50. This calculation shows the amount of taxes that needs to be paid on a monthly basis, which is what the question is asking for. Rounding is not necessary here since the calculation results in a whole number. Therefore, the monthly rate is indeed $62.50. This figure accurately reflects the monthly burden of the annual tax, making it the correct choice in the context of the question.

To determine the monthly rate from annual taxes of $750, you need to divide the total annual amount by 12, since there are 12 months in a year.

Calculating it gives:

$750 (annual taxes) ÷ 12 (months) = $62.50.

This calculation shows the amount of taxes that needs to be paid on a monthly basis, which is what the question is asking for. Rounding is not necessary here since the calculation results in a whole number. Therefore, the monthly rate is indeed $62.50.

This figure accurately reflects the monthly burden of the annual tax, making it the correct choice in the context of the question.