Irving bought a house for $286,800. He obtained a mortgage for $253,350. The documentary stamp tax fee for mortgages in his stat
e is $.35 per $100 or portion thereof. How much did he pay for the documentary stamp tax? (show work)
A= $1003.80
B= $886.90
C= $1864.20
1 answer:
Payment for the documentary stamp tax
0.35×(286,800÷100)
=1,003.8
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