Real Estate Math
A Vermont property sold in January for $310,000. The Vermont Property Transfer Tax (0.5% on first $100,000 + 1.25% on remainder) is how much?
A$2,625
B$3,125✓ Correct
C$3,375
D$3,875
Explanation
PTT on first $100,000 = $100,000 × 0.005 = $500.
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