Real Estate Math
A South Carolina property sold for $308,000. The deed transfer tax is $1.85 per $500. How many $500 units are there in the sale price?
A615
B616✓ Correct
C617
D614
Explanation
$308,000 / $500 = 616 units exactly. Since there is no fraction remaining, 616 units × $1.85 = $1,139.60 total deed recording fee.
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