Real Estate Math
A Florida property with annual taxes of $4,800 closes on July 1. The seller has not paid this year's taxes. Using 30-day months (180 days from Jan 1 to June 30), how much does the seller owe the buyer?
A$2,400✓ Correct
B$1,200
C$2,000
D$1,600
Explanation
Daily tax rate = $4,800 ÷ 360 = $13.33/day. Seller's days (Jan 1 – June 30) = 180. Seller's share = 180 × $13.33 = $2,399.40 ≈ $2,400.
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