What is the total income from a property valued at $600,000 at a 9% rental rate?

To determine the total income from a property based on its value and rental rate, the calculation involves multiplying the property's value by the rental rate percentage. In this case, we take the property's value of $600,000 and apply the rental rate of 9%.

Here’s how the calculation works:

1. Convert the percentage to a decimal: 9% becomes 0.09.

2. Multiply the property value by the decimal: $600,000 x 0.09 = $54,000.

This result indicates that at a 9% rental rate, the property generates an annual income of $54,000. This is why the correct answer is the total income of $54,000. Other answers, while they may seem plausible, do not align with the calculations based on the provided rental rate and property value.