jeffro198004
16.01.2020 •
Business
Firm h operates its business in state h, which levies a 6 percent sales and use tax. this year, the firm purchased a $600,000 item of tangible property in state k and paid $18,000 sales tax to the state. it also purchased a $750,000 item of tangible property in state l and paid $48,750 sales tax to the state. firm h transported both items of property into state h for use in its business.
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Ответ:
Firm H operates its business in State H, which levies a 6 percent
sales and use tax. This year, the firm purchased a $600,000 item of
tangible property in State K and paid $18,000 sales tax to the state.
It also purchased a $750,000 item of tangible property in State L
and paid $48,750 sales tax to the state. Firm H transported both
items of property into State H for use in its business.
Compute the use tax that Firm H owes to State H for the property
purchased in State K
Use of tax = $18000
Explanation:
Sales and use tax in state h = 6%
Cost of property in state k = 60000
Use tax on on property in state k transferred to state h =
0.06 * 600000 = $ 36000
Sales tax paid in state k = $18000.
Use Tax owed = 36000 - 18000 = $18000
Ответ: