Real Estate Math
A Maine buyer pays $445,000 for a home. The state transfer tax is $2.20 per $500 of consideration, split equally between buyer and seller. Each party pays:
A$979.00✓ Correct
B$980.00
C$1,958.00
D$489.50
Explanation
$445,000 ÷ $500 = 890 units × $2.20 = $1,958.
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