Question 14 of 30. Thomas purchased a rental house for $250,000. He put down $50,000 cash...

Question

Question

Answer 1

Answer #1

Answer

The Correct option is C : $ 262,000

Explanation :-

Thomas basics of rental house =

(Purchased amount + transfer legal fees + delinquent property tax.)

$250,000 + $3,500 + $8,500 = $262,000.

Answer 2

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