The annual real property tax liability for a residential property is $4302 and has been paid by the seller in advance of closing. Using the 30-day month/260-day year method what will be the tax proration entry on the settlement statement round to the nearest dollar for a closing on Oct. 26 if the buyer owns the day of closing? a. $3525 credit to the buyer and $777 debit to the seller b. $777 debit to the buyer and $3525 debit to the seller c. $777 credit to the buyer and $777 debit to the seller d. $3525 debit to the buyer and $3525 credit to the seller *Can anyone help with this? I am studying for my real estate exam and am having trouble with some of the calculations :)

Brand: MathMaster
Rating: 4.9 (137 reviews)

137

likes

686 views

Answer to a math question The annual real property tax liability for a residential property is $4302 and has been paid by the seller in advance of closing. Using the 30-day month/260-day year method what will be the tax proration entry on the settlement statement round to the nearest dollar for a closing on Oct. 26 if the buyer owns the day of closing? a. $3525 credit to the buyer and $777 debit to the seller b. $777 debit to the buyer and $3525 debit to the seller c. $777 credit to the buyer and $777 debit to the seller d. $3525 debit to the buyer and $3525 credit to the seller *Can anyone help with this? I am studying for my real estate exam and am having trouble with some of the calculations :)

$Expert avatar$

Frederik

4.6

101 Answers

c. $777 credit to the buyer and $777 debit to the seller

Frequently asked questions (FAQs)

Write a math question for the theme "Characteristics of quadratic (square) function f(x) = x^2": What is the vertex form of the quadratic function f(x) = x^2? Provide an example of vertex coordinates and explain how the "a" value affects the graph of the function.

Question: At what values of x does the cosine function f(x) = cos x have its maximum value within the interval [-2π, 2π]?

What is the length of the hypotenuse of a right triangle with legs measuring 4 units and 9 units?

New questions in Mathematics

-6n+5=-13

A car tire can rotate at a frequency of 3000 revolutions per minute. Given that a typical tire radius is 0.5 m, what is the centripetal acceleration of the tire?

what is 9% of 307

What payment 7 months from now would be equivalent in value to a $3,300 payment due 23 months from now? The value of money is 2.7% simple interest. Round your answer to 2 decimal places. Show all work and how you arrive at the answer..

The sum of two numbers is 6, and the sum of their squares is 28. Find these numbers exactly

A bird randomly chooses to land on 1 of 12 perches available in its aviary. Determine the Probability of it landing on a perch numbered 8 and then on a perch marked with a prime number; take into account that he never lands on the same perch in the sequence.

Supposed 60% of the register voters in a country or democrat. If a sample of 793 voters is selected, what is the probability that the sample proportion of Democrats will be greater than 64% round your answer to four decimal places

The actual length of an object is 1.3 m . If the blueprint uses a scale of 1 : 12 , what is the length of the line on the drawing?

Log(45)