Real Estate Math
A Missouri home closes May 1. Annual property taxes are $5,760. The seller owes taxes from January through April (4 months). What does the seller owe?
A$1,440
B$1,920✓ Correct
C$2,880
D$4,320
Explanation
Seller's share = $5,760 × 4/12 = $1,920. Using the values given ($5,760), apply the appropriate formula.. The correct answer is $1,920.. This is a common calculation on the Missouri real estate exam.
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