Question
Calculate all applicable documentary stamp taxes and intangible taxes for a property located in Citrus County: Purchase price: $67,550 Earnest money: $4,000 Recorded first mortgage
Calculate all applicable documentary stamp taxes and intangible taxes for a property located in Citrus County:
Purchase price: $67,550
Earnest money: $4,000
Recorded first mortgage (assumed): $27,800
Second mortgage (new): $14,700
Cash at closing: $21,050
Step by Step Solution
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Purchase price 67550 Recorded first mortgage assumed 27800 Second mortgage new 14700 Total mort...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
