Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18. b. (LO5) If Lonnie's purchase in 8a above was over $1,000, how much would he owe in use tax as a resident of Sacramento?

image text in transcribed

image text in transcribed

18. b. (LO5) If Lonnie's purchase in 8a above was over $1,000, how much would he owe in use tax as a resident of Sacramento? S $ 18. a. (LO5) Lonnie bought $1,200 worth of items from sources out of California. Each item cost less than $1,000. No sales or use taxes was paid on any of the purchases. Lonnie lives in Sacramento and his AGI is $72,000. How much would Lonny owe in use tax if he chooses to use the Estimated Use Tax Lookup Table? 18. b. (LO5) If Lonnie's purchase in 8a above was over $1,000, how much would he owe in use tax as a resident of Sacramento? S $ 18. a. (LO5) Lonnie bought $1,200 worth of items from sources out of California. Each item cost less than $1,000. No sales or use taxes was paid on any of the purchases. Lonnie lives in Sacramento and his AGI is $72,000. How much would Lonny owe in use tax if he chooses to use the Estimated Use Tax Lookup Table

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Accounting questions