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I sold some real estate about a month ago. Today I received a check in the mail from the mortgage co. for one cent (a whole penny) that was the balance after the closing payment was sent by the atty.
Should I cash and spend, deposit in savings, or throw it away?
Probably cost them a couple of bucks to process and mail me the check.
Don't spend it all in one place. I would either put it in your wallet until next time you go to the bank, or rip it into peices because it isn't worth your time to do anything else with it.
It's two miles round trip to the bank. Using the 2005 IRS mileage allowance of 37.5 cents per mile it will cost me 75 cents to drive to the bank and cash or deposit the check.
i got a bill from the power company that said i owed them 1 cent...i guess the 39 cent stamp they sent me was less important than the 1 cent. i mailed them back a penny, lol. Dont wanna waist a check on that.
So you both sent 37 cent stamps back to eachother that adds up to 74 cents plus the penny so there's 75 cents. What about the paper that you used for this from both of you? Things like this amaze me.
2 or 3 years ago I ended up owing the state less than $1 at tax time. I called them to see if they really wanted me to mail them a check and they insisted quite emphatically that any tax owed must be paid. I tried to explain to them that it would cost several dollars for them to cash it, but the voice of reason will never work with the government.
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