Ahouse is sold on june 15.the annual taxes in the amount of $850 for the year have not been paid. what does the seller owe the buyer at closing?

The seller owe the buyer amounts to $384.25 at the closing

Explanation:

The amount to which the seller owe to the buyer at the closing is computed as:

= Number of days × Amount of taxes per day

= 165 × $2.3288

= $384.25

Working Note:

Number of days = January 1 - June 15

= 165 days

Amount of taxes per day = Annual taxes / Number of days in the year

= $850 / 365

= $2.3288 per day

(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)

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