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In the Rodriguez's state, there is a transfer tax of $2 per $500 sale price or fraction thereof when real property is sold. The Rodriguez's listed their home for $200,000 and accepted an offer for $199,000 from Mr. and Mrs. Clark, who obtained a mortgage loan for $160,000. How much did the Clarks have to pay in transfer tax?
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In the Rodriguez's state, there is a transfer tax of $2 per $500 sale price or fraction thereof when...
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