Real Estate Math
A West Virginia seller's home was appraised at $180,000 and listed for $189,900. The buyer's offer of $183,000 is accepted. The transfer tax the seller owes is:
A$360.60
B$403.26✓ Correct
C$342.77
D$415.80
Explanation
Transfer tax is based on the sale price: $183,000 ÷ $500 = 366 units × $1.10 = $402.
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