WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

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An auctioneer's trust account starts with $3,000. Auction proceeds of $48,000 are deposited, $38,000 is disbursed to sellers, and $5,500 in commissions are withdrawn. The ending balance is:

$$4,500 $$7,500 $$8,500 $$10,000

Correct Answer:

$$7,500

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