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Fenetre135
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
The home costs $82,107. 80% of that is being financed. How much is being financed? Next: The tax is $0.70 per $100 OR PORTION THEREOF. How many portions of $100 are there in 80% of $82,107? Then multiply that number by $0.70 and you have your answer.
got it :) thank you!