Martina is purchasing a home in Winnipeg.The closing date is October 1.Each year's real property taxes are payable in June for taxes owed up to December 31.The amount of the taxes paid by the vendor for the entire year is $2400.In the circumstances of this transaction,which statement most accurately describes an adjustment on taxes?
A) The vendor will receive approximately $600 in adjustment from the purchaser.
B) The purchaser will receive approximately $800 in adjustment from the vendor.
C) The vendor will receive approximately $1200 in adjustment from the purchaser.
D) The purchaser will receive approximately $1800 in adjustment from the vendor.
Correct Answer:
Verified
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