Question

The property tax year runs from January 1 to December 31. The taxes on a certain house are $1,440 this year, none of which has been paid. If the house sells, not in a leap year, and the closing date is June 12, the
a. buyer owes the seller $796.93.
b. buyer owes the seller $643.07.
c. seller owes the buyer $796.93.
d. seller owes the buyer $643.07.

Answer

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