Calculate all applicable documentary stamp taxes and intangible taxes for a property located in Citrus County: Purchase

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Calculate all applicable documentary stamp taxes and intangible taxes for a property located in Citrus County:

Purchase price: $67,550

Earnest money: $4,000

Recorded first mortgage (assumed): $27,800

Second mortgage (new): $14,700

Cash at closing: $21,050

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Aug 24, 2021 12:26 PM

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Calculate all applicable documentary stamp taxes and intangible taxes for a property located in Citrus County: Purchase

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Purchase price 67550 Recorded first mortgage assumed 27800 Second mortgage new 14700 Total mort... View the full answer

Intermediate Accounting

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