Question

Paige made a down payment of 12% on a home she purchased for $403,450 and financed the rest. What is the total cost of intangible taxes if her state charges 0.2% for intangible taxes? (2 points)

Answer 1

806.9

Explanation:

a percentige is just saying this 0.2/100 wich means you move the decimal over two : 0.2 - 0.002 and then you do this (403,450) x 0.002 = 806.9