In Township K each property is taxed at 8 percent of its assessed value. If the assessed value of a property in Township K is increased from $18,000 to $28,000, by how much will the property tax increase?  Choose the correct option
A) $320 B) $800 C) $320 D) $600 E) $850
Increase in house value = $28,000 - $18,000 =$10000   So, tax increase = 8% of$10000=$800   Answer: $800
<result>B</result>
In Township K each property is taxed at 8 percent of its assessed value. If the assessed value of a property in Township K is increased from $18,000 to $28,000, by how much will the property tax increase?