Answer:Calculate the Land Transfer Tax on a house for 248000
Calculation example
1.multiply $55,000 by 0.5% (55,000 × 0.005) = $275.
2.multiply the amount exceeding $55,000 up to $250,000 by 1.0% (195,000 × 0.01) = $1,950.
3.multiply the amount exceeding $250,000 up to $400,000 by 1.5% (150,000 × 0.015) = $2,250.
Step-by-step explanation:
