Real Estate Math
A Wisconsin home sells for $250,000. The transfer tax is $3 per $1,000. What is the transfer tax owed?
A$250
B$500
C$750✓ Correct
D$1,000
Explanation
$250,000 / $1,000 = 250 units × $3 = $750 transfer tax. Using the values given ($250,000, $3), apply the appropriate formula.. The correct answer is $750.. This is a common calculation on the Wisconsin real estate exam.
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