Brandon has purchased a home for $352,000. He made a 15% down payment and financed the remaining amount. The intangible tax is 0.4%. Which of the following is the total amount of the intangible tax?

a $140,800.00
b $1,408.00
c $119,680.00
d $1,196.80

Question

Brandon has purchased a home for $352,000. He made a 15% down payment and financed the remaining amount. The intangible tax is 0.4%. Which of the following is the total amount of the intangible tax?

a $140,800.00
 b $1,408.00
 c $119,680.00
 d $1,196.80

jhonyy9 · Answer

so like a first step you need calcule the 15% of $352000

@XioGonz