Question
he sale of a home closes on August 22, and the property taxes of $3,840 have already been paid for the calendar year of January
he sale of a home closes on August 22, and the property taxes of $3,840 have already been paid for the calendar year of January 1 to December 31. How much of these prorated taxes would be credited to the seller and debited to the buyer at settlement? Use 365 days for prorating the days. a. $1,515.37 b. $1,378.19 c. $2,325.00 d. $2,462.43
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