Ask Question
10 September, 20:00

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?

+5
Answers (1)
  1. 10 September, 21:42
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers