Real Estate Math
A Michigan home sold for $298,000. The county transfer tax is $0.55 per $500 (or fraction). What is the county transfer tax?
A$163.90
B$327.80✓ Correct
C$1,639
D$596.00
Explanation
County transfer tax: $298,000 / $500 = 596 units × $0.55 = $327.
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