(16. A 28.5-acre parcel of land in Orange Countysells for $4,100 per acre. What is the documen-real estate problem16.) A 28.5-acre parcel of land in Orange Countsells for $4,100 per acre. What is the documetary stamp tax on the deed?a. $409.15b. $642.85c. $817.95d. $818.30

The documentary stamp tax rate =0.7003% Deed amount = 28.5*4100=116850

Answered: (16. A 28.5-acre parcel of land in…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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(16. A 28.5-acre parcel of land in Orange County sells for $4,100 per acre. What is the documen- 16. A 28.5-acre parcel of land in Orange Count sells for $4,100 per acre. What is the documen fary stamp tax on the deed?