George Granger sold a plot of land to Albert King on July 1, 2015. Granger had not paid any realty taxes on the land since 2013. Delinquent 2014 taxes amounted to $600, and 2015 taxes amounted to $700. King paid the 2014 and 2015 taxes in full in 2015, when he bought the land. What portion of the $1,300 is deductible by King in 2015?
a. $353
b. $700
c. $952
d. $1,300
Answer: A
Tax
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