Real Estate Math
A NH home that sold for $425,000 requires the buyer and seller to each pay the NH Real Estate Transfer Tax. What is each party's tax obligation?
ABuyer: $3,187.50; Seller: $3,187.50✓ Correct
BBuyer: $6,375; Seller: $0
CBuyer: $0; Seller: $6,375
DBuyer: $2,125; Seller: $4,250
Explanation
NH Real Estate Transfer Tax = $1.50/$100 total, split equally at $0.
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