A county charges $40 to record the first page of a deed and $7 for each additional page. If a deed is 3 pages long, what is the recording fee?
Correct Answer
C) $54
There is 1 first page and 2 additional pages. Fee = $40 + (2 × $7) = $54.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Net operating income (NOI) is the annual income generated by an income-producing property after deducting operating expenses, but before deducting mortgage payments, income taxes, and depreciation.
Net Operating Income (NOI) is the revenue a property generates after deducting all operating expenses.
Converting a percentage to a decimal involves dividing the percentage value by 100.
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