1 points

Print

3

Item 6

Item 6 1 points TR Company conducts business exclusively in State V, which levies a 5 percent sales and use tax on goods purchased or consumed in-state. This year, TR bought equipment in State B. The cost of the equipment was $130,000, and TR paid $7,150 sales tax to State B. TR also bought machinery in State D. The cost of the machinery was $202,000, and TR paid $8,090 sales tax to State D.

1. How much use tax does TR Company owe to State V with respect to the equipment bought in State B?
2. How much use tax does TR Company owe to State V with respect to the machinery bought in State D?