Real Estate Math
A Nevada property sells for $415,000. Transfer tax in Clark County is $1.95 per $500 of consideration. What is the transfer tax?
A$1,618.50✓ Correct
B$1,599
C$1,580
D$8,092.50
Explanation
Number of $500 units = $415,000 ÷ $500 = 830. Transfer tax = 830 × $1.
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