Question
PLEASE EXPLAIN THE STEPS TO GET YOUR ANSWER (Florida Real Estate) Calculate the total state taxes due in the following transaction: The sales price is
PLEASE EXPLAIN THE STEPS TO GET YOUR ANSWER (Florida Real Estate)
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.) $1,796.59
b.) $2,176.50
c.) $2,461.50
d.) $2,549.00
I KNOW THAT THE ANSWER IS $2,549.00, I JUST NEED TO UNDERSTAND HOW TO REACH THAT ANSWER PLEASE
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
