Florida Real Estate Practice Exam 2026 – The Complete All-in-One Guide to Master Your Exam Success!

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How is the Documentary Stamp Tax on notes calculated?

10 cents for every $100

20 cents for every $100

35 cents for every $100

The Documentary Stamp Tax on notes is calculated by multiplying the face value of the note by 0.0035. Option A would result in a lower tax rate, while option B would result in a higher tax rate. Option D is also not correct, as it would result in a higher tax rate. Therefore, the correct answer is option C.

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50 cents for every $100

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