Real Estate Math
A home in Winston-Salem, NC sells for $285,000. The seller pays a 6% commission and NC excise tax. The seller's total commission and excise tax is:
A$17,100
B$17,670✓ Correct
C$18,000
D$17,543
Explanation
Commission = $285,000 x 0.06 = $17,100. Excise tax = $285,000 / $500 x $1 = 570 x $1 = $570. Total = $17,100 + $570 = $17,670.
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