please help, urgent
Flint is purchasing a home for $115,750 and is financing 85% of it. The documentary stamp tax on the deed in his state is $0.70 per $100 or portion thereof. How much will he pay for the documentary stamp tax?

Question

please help, urgent
Flint is purchasing a home for $115,750 and is financing 85% of it. The documentary stamp tax on the deed in his state is $0.70 per $100 or portion thereof. How much will he pay for the documentary stamp tax?

anonymous · Answer

Can anybody help?

texaschic101 · Answer

@cwrw238 ...do you apply the stamp tax to the financed portion or the house purchase ?

texaschic101 · Answer

@phi ..

texaschic101 · Answer

@timo86m .....help

phi · Answer

off hand I don't know,  but I *guess* the whole amount

texaschic101 · Answer

its applied to what is financed right ? Because why would what he financed even be in the problem ?

phi · Answer

I don't know.  what does your text book  or google say ?

texaschic101 · Answer

this is not my question......I was just trying to help solve it

texaschic101 · Answer

the asker is offline now