Answered step by step
Verified Expert Solution
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?
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started