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11 November, 08:29

Irving bought a house for $286,800. He obtained a mortgage for $253,350. The documentary stamp tax fee for mortgages in his state 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

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Answers (1)
  1. 11 November, 08:45
    0
    Payment for the documentary stamp tax

    0.35 * (286,800:100)

    =1,003.8
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