Asked by Marvin

The annual real estate tax on a duplex house is $20,985 and the owner sells the house after 7 months of the tax year. How much of the annual tax will the seller pay? How much will the buyer pay?

Answers

Answered by Ms. Sue
Seller:
20,985 * (7/12) = ?

Answered by Marvin
Ms. Sue thank you, but what about the buyer?
Answered by Ms. Sue
The buyer will pay the difference.

Answered by Marvin
so, the sellers price - 20,985 is for the buyer?
Answered by Ms. Sue
No. Please rethink this problem. Read it carefully.

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