Ask Question
24 February, 07:30

In Florida it is customary for the seller to pay the document tax on the deed. If the sale price is $115,000, how much will the seller have to pay for the document tax?

+2
Answers (1)
  1. 24 February, 07:59
    0
    805

    Explanation:

    The document tax which is to be paid by the seller in Florida on deed is $0.70 per $100 of the sale value. Based on this, the document tax on the sale price of $115,000 shall be calculated as follows:

    Document tax = (Sale value/100) * 0.70

    Sale value=$115,000

    Document tax = (115,000/100) * 0.70

    =1,150*0.70

    =805
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In Florida it is customary for the seller to pay the document tax on the deed. If the sale price is $115,000, how much will the seller have ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers