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5) A Hawai'i company imports goods to resell at wholesale. That then company sells these goods at wholesale price to a licensed retailer. The retailer

5) A Hawai'i company imports goods to resell at wholesale. That then company sells these goods at wholesale price to a licensed retailer. The retailer then sells these goods to a customer. Manufacturer Wholesaler Retailer Consumer Does the wholesaler owe General Excise taxes on the wholesale transaction described above that occurred with the retailer? If yes, what is the appropriate tax rate that the wholesaler owes? (Hint- The activity classifications - first 6 pages of the GE Tax booklet provided is a good resource)image text in transcribed

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