What would the monthly rate be if annual taxes are $750? Round to the nearest cent.

To determine the monthly rate from annual taxes of $750, you need to divide the total annual amount by 12, since there are 12 months in a year.

Calculating it gives:

$750 (annual taxes) ÷ 12 (months) = $62.50.

This calculation shows the amount of taxes that needs to be paid on a monthly basis, which is what the question is asking for. Rounding is not necessary here since the calculation results in a whole number. Therefore, the monthly rate is indeed $62.50.

This figure accurately reflects the monthly burden of the annual tax, making it the correct choice in the context of the question.