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Calculate the total state taxes due in the following transaction: The sales price is $256,480....

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Finance

Calculate the total state taxes due in the following transaction: The sales price is $256,480. The buyer paid a cash deposit of $25,648 and will assume the sellers first mortgage of$179,536. The seller has agreed to take back a purchase money new second mortgage for $51,296. at 8 1/2%.

Select one:

A. $3,065.31

B. $3,065.08

C. $2,706.24

D. $1,795.50

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