Real Estate Math
A buyer in Huntington, WV closes on March 15. Annual property taxes of $2,400 are unpaid for the year. Using a 360-day year, the seller owes the buyer a prorated tax credit for approximately how many days (January 1 through March 14)?
A74 days✓ Correct
B60 days
C90 days
D45 days
Explanation
January = 30 days, February = 30 days, March 1-14 = 14 days. Total = 74 days.
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