Fernando is purchasing a home for $101,750 and is financing 65% 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

Fernando is purchasing a home for $101,750 and is financing 65% 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

$712.25
$1453.57
$462.96
$944.82

anonymous · Answer

answer is A, 712.25.

ramirocruzo · Answer

You wanna know the solution or you just solved it by yourself????

anonymous · Answer

i just solved it by myself

ramirocruzo · Answer

Congo.... :applause: Well that should be the spirit.... ;D