Question

A sale transaction closes on April 15th. The day oIf a lot contains 48,000 square feet and is 240’ wide, how deep is the lot? closing belongs to the seller. Real estate taxes for the year, not yet billed, are expected to be $2,110. According to the 365-day method, what is the seller's share of the tax bill?
a. $626
b. $675
c. $607
d. $721

Answer 1

Answer:

c =$607

200 ft deep

Step-by-step explanation:

A sale transaction closes on April 15th. The day oIf a lot contains 48,000 square feet and is 240’ wide, how deep is the lot? closing belongs to the seller. Real estate taxes for the year, not yet billed, are expected to be $2,110. According to the 365-day method, what is the seller's share of the tax bill?

a. $626

b. $675

c. $607

d. $721

Since there are 90 days between january and March, we add that to the 15 days in April. which will give us 105 days.

Applying the 365-day method,

therefore 2110/365

5.78*105

606.98

approximately=$607

b. the day golf contains 48000 square feet

then 48000 divided by how wide it is

48,000 sq ft ÷ 240' = 200'