Question

If the sales price of a Maine property sold by a non- resident of Maine is below $50,000, the seller does not owe any Maine Non-Resident Withholding tax.

A)True.
B)False.

Answer 1

Non-residents of Maine are exempt from the Maine Non-Resident Withholding tax if the sales price of the property sold is below $50,000.

Step-by-step explanation:

The statement is True. If the sales price of a Maine property sold by a non-resident of Maine is below $50,000, the seller does not owe any Maine Non-Resident Withholding tax. This means that non-residents are exempt from Maine Non-Resident Withholding tax for sales below $50,000.