(16. A 28.5-acre parcel of land in Orange County sells for $4,100 per acre. What is the documen- 16. A 28.5-acre parcel of land in Orange Count sells for $4,100 per acre. What is the documen fary stamp tax on the deed?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 6Q: What amount is payable to a state tax board if the original sales price is $3,000, and the tax rate...
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(16. A 28.5-acre parcel of land in Orange County
sells for $4,100 per acre. What is the documen-
real estate problem
16.) A 28.5-acre parcel of land in Orange Count
sells for $4,100 per acre. What is the docume
tary stamp tax on the deed?
a. $409.15
b. $642.85
c. $817.95
d. $818.30
Transcribed Image Text:(16. A 28.5-acre parcel of land in Orange County sells for $4,100 per acre. What is the documen- real estate problem 16.) A 28.5-acre parcel of land in Orange Count sells for $4,100 per acre. What is the docume tary stamp tax on the deed? a. $409.15 b. $642.85 c. $817.95 d. $818.30
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