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3 answers for A and B -pre credit use tax - sales tax paid to state - use tax owed to state Heliot Company operates
3 answers for A and B
Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Hellot purchased a $872,5 item of tangible property in State K and paid $26,175 sales tax to the state. It also purchased a $940,000 item of tangible property State L and paid $63,920 sales tax to the state. Firm H transported both items of property into State H for use in its business. Required: a. Compute the use tax that Heliot owes to State H for the property purchased In State K. b. Compute the use tax that Hellot owes to State H for the property purchased in State L. Complete this question by entering your answers in the tabs below. Compute the use tax that Heliot owes to State H for the property purchased in state K. Hellot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $872,500 item of tangible property in State K and paid $26,175 sales tax to the state. It also purchased a $940,000 item of tangible property in State L and paid $63,920 sales tax to the state. Firm H transported both items of property into State H for use in its business. Required: a. Compute the use tax that Hellot owes to State H for the property purchased in State K. b. Compute the use tax that Hellot owes to State H for the property purchased in State L Complete this question by entering your answers in the tabs below. Compute the use tax that Hellot owes to State H for the property purchased in State L -pre credit use tax
- sales tax paid to state
- use tax owed to state
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