Real Estate Math
A property sold for $198,000. Transfer taxes are $3.30 per $1,000 of purchase price. What are the transfer taxes?
A$593.40
B$653.40✓ Correct
C$594.00
D$660.00
Explanation
Transfer taxes = ($198,000 ÷ $1,000) × $3.30 = 198 × $3.
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