What individual land tax liabilities for each of john are

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Problem 1: John Fletcher and Cynthia Fuller jointly own a commercial land property in Tasmania that is valued at $640,000. John has a 60% interest and Cynthia has a 40% interest. The individual land tax liabilities for each of John and Cynthia are:

Select one:

a. John $3,712.50 and Cynthia $2,475.00
b. John $1,062.75 and Cynthia $1,062.75
c. John $6,862.50 and Cynthia $4,575.00
d. John $810.00 and Cynthia $540.00

Reference no: EM132904075

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