The Flintstones sold their house to the Simpsons and are to close on July 1. The Flintstones paid their annual town taxes in January. At the closing, the Simpsons will Reimburse the Flintstones for
a. the tax for the balance of the year.
b. The tax due n November.
c. Nothing.
d. The tax paid last January.
Answer: a. the tax for the balance of the year.
Business
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