Calculate the total state taxes due in the following transaction: The sales price is $249,480. The buyer will assume the seller's first mortgage of $190,000. The seller has agreed to take back a new purchase money second mortgage for $25,000. a. $1,796.50 b. $2,176.50 c. $2,461.50 d. $2,549.00 Reference: Ch. 14, Section 3 - Expenses

166. Calculate the total state taxes due in the following transaction: The sales price is $249,480. The buyer will assume the seller's first mortgage of $190,000. The seller has agreed to take back a new purchase money second mortgage for $25,000. a. $1,796.50 b. $2,176.50 c. $2,461.50 d. $2,549.00