The seller of a property has paid $2,700 in property taxes for the year in advance. The closing date of the sale is December 24 and the buyer owns the home on the closing day. How much does the buyer owe the seller in prorated property taxes? Assume the year has 365 days.

a $2,700.00
b $51.78
c $7.40
d $44.38

Question

03-02-2021
Mathematics

Answered

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The seller of a property has paid $2,700 in property taxes for the year in advance. The closing date of the sale is December 24 and the buyer owns the home on the closing day. How much does the buyer owe the seller in prorated property taxes? Assume the year has 365 days.

a $2,700.00
b $51.78
c $7.40
d $44.38

Sagot :

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