Real Estate Math
A West Virginia buyer and seller agree to split the $1.10 per $500 excise tax equally on a $165,000 sale. How much does each party pay?
A$181.50✓ Correct
B$363.00
C$220.00
D$165.00
Explanation
Total excise tax = $165,000 / $500 x $1.10 = 330 x $1.
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