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Title: Please advise 'How To' on Real Estate Math problem (Answer Provided)? Post by: James Neal on Apr 21, 2021 If closing is on May 19, what amount would be charged to the buyers on a total property tax of$4,320 paid by the sellers for the current tax year? Remember to use the standard number of days in the month. (Answer is $504)
(FYI: Real Estate may use 30-days as a month-month standard) Please advise a step by step how to so I may understand. Title: Re: Please advise 'How To' on Real Estate Math problem (Answer Provided)? Post by: bio_man on Apr 21, 2021 Thanks for providing the answer, it helped me figure it out:
(https://biology-forums.com/gallery/42/6_21_04_21_9_13_05.png) (https://biology-forums.com/index.php?action=gallery;sa=view&id=42919) let me know if it doesn't make sense Title: Re: Please advise 'How To' on Real Estate Math problem (Answer Provided)? Post by: James Neal on Apr 22, 2021 I understand the process until the June part. The problem does not state anything about June.
You do have the correct answer thought. Can you please explain more? Thank you.. Title: Re: Please advise 'How To' on Real Estate Math problem (Answer Provided)? Post by: bio_man on Apr 22, 2021 @James, I guessed the end of June because it was the only possible date that would get me to $504. June also marks the end of the 2nd fiscal quarter. Honestly, I don't know whether the end of June is the standard, but it's the only way I got it to work.
Title: Re: Please advise 'How To' on Real Estate Math problem (Answer Provided)? Post by: James Neal on Apr 22, 2021 I understand. Unfortunately, my online school hasn't got back to me on a process.
So the feedback you provided has helped a lot nevertheless. Thank you |