Q. Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid `8,000 as local taxes during the year. He uses this house for his residentialpurposes but lets out half of the house @ ` 3,000 p.m. The annual value ofthe house is. (Solved)

1. 15,000

2. ` 16,000

3. ` 17,000

4. ` 18,000

  • b. ` 16,000
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