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