Transfer of PropertyCâu 94 / 120
California's documentary transfer tax is $0.55 per $500 of value. On a $600,000 sale with no assumed loan, the county transfer tax is:
a.$330
b.$660
c.$1,100
d.$3,300
Giải thích
Divide the price by $500 to get 1,200 increments, then multiply by $0.55, giving $660. The documentary transfer tax applies to the consideration paid, excluding any assumed liens. Cities may impose additional transfer taxes.
Trích dẫn luật: CA Revenue and Taxation CodeLuyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
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