Question

use the table to answer the question.
final settlement statement
(1) contract sales price: $118,000.00
(2) settlement charges to borrower: $3,491.04
(3) gross amount due from borrower = (1)+(2)
(4) deposit or earnest money: $500.00
(5) principal amount of new loan: $94,400.00
(6) county taxes (half year): $605.36
(7) total paid by borrower = (4)+(5)+(6)
(8) gross amount due from borrower = (9)+(10)
(9) less amount paid by borrower: $95,505.36
(10) cash from borrower: $25,985.68
(1 point)
how much did the borrower pay for county taxes?
○ $500.00
○ $605.36
○ $1,000.00
○ $1,210.72

Explanation:

Step1: Identify the county taxes row

Looking at the table, the row for "County taxes (half year)" has the value $605.36. This is the amount the borrower paid for county taxes.

Answer:

$605.36