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ololo11 [35]
3 years ago
10

The current property taxes on a parcel are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is t

he approximate tax proration that will be charged to the seller based on a 360-day year?
Business
1 answer:
galben [10]3 years ago
5 0

Answer:

$1,743.25 divide 360 =$4.84 taxes per day

prorate jan1-aug12=222days

222x4.84=$1,074

Explanation:

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During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
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