Real Estate Math
New Hampshire's real estate transfer tax is $0.75 per $100 of purchase price, paid by each party. For a $350,000 sale, what does each party (buyer and seller) pay?
A$1,312.50✓ Correct
B$2,625
C$875
D$1,750
Explanation
Each party pays: ($350,000 ÷ 100) × $0.75 = 3,500 × $0.
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