Real Estate Math
A Florida home sells for $485,000. Documentary stamp taxes on the deed are $0.70 per $100. What are the doc stamps on the deed?
A$3,395.00✓ Correct
B$2,885.75
C$3,400.00
D$3,500.00
Explanation
Doc stamps = $485,000 ÷ 100 × $0.70 = 4,850 × $0.
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