Market value = $310,000
Since market value for tax purposes is 40% of the actual market value,
Market value for tax assessment = $310,000*40% = $124,000
Tax rate per $1000 of assessed valuation = $145.10 or 14.51% of the assessed value
Hence tax to be paid by leo = $124000*14.51% = $17992.40
The answer would be B) 5.90x > 236
This is because Jay needs at least 236 therefore the money he earns from working at the ice cream parlor would need to be higher than 236.