Franklin is purchasing a home for $82,107 and is financing 80% 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?

$1,172.90
$938.30
$575.40
$459.70

Question

Franklin is purchasing a home for $82,107 and is financing 80% 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?

$1,172.90  
$938.30  
$575.40  
$459.70

anonymous · Answer

I get answers $575.40 and $459.70 and don't know which one to choose.

anonymous · Answer

Nevermind, the answer was $575.40