Real Estate Math
A Florida property sells for $375,000. The documentary stamp tax on the deed is $0.70 per $100 (or fraction). What is the total documentary stamp tax?
A$2,100
B$2,625✓ Correct
C$3,750
D$5,250
Explanation
Documentary stamp tax = ($375,000 ÷ $100) × $0.70 = 3,750 × $0.
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