when a house is purchased there is extra costs. land transfer tax 0.9% mortgage loan insurance premium 2.85% legal fees 1.2% building inspection 0.28% determine the toal of these cosdts for a house with a selling price of $155,000 a] none b]$17361 c]$14121 d]$10881

when a house is purchased there is extra costs. land transfer tax 0.9% mortgage loan insurance premium 2.85% legal fees 1.2% building inspection 0.28% determine the toal of these cosdts for a house with a selling price of $155,000 a] none b]$17361 c]$14121 d]$10881

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 44P: LO.3, 4 Jabari Johnson is considering acquiring an automobile at the beginning of 2020 that he will...

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A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

Question

when a house is purchased there is extra costs.

land transfer tax 0.9%

mortgage loan insurance premium 2.85%

legal fees 1.2%

building inspection 0.28%

determine the toal of these cosdts for a house with a selling price of $155,000

a] none

b]$17361

c]$14121

d]$10881

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