Real Estate Math
A property sells for $310,000. The county transfer tax is $0.50 per $500 of the sale price. What is the transfer tax?
A$155
B$310✓ Correct
C$620
D$775
Explanation
Number of $500 increments = $310,000 ÷ $500 = 620. Transfer tax = 620 × $0.
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