Question
AQ1. From your results, you can see that Dillards paid a non-zero amount in sales tax in Montana, but if you completed either of the
AQ1. From your results, you can see that Dillards paid a non-zero amount in sales tax in Montana, but if you completed either of the previous labs, you would have learned that Montana does not have a state sales tax. What sales tax do you think Dillards is paying in Montana?
AQ2. In Part 2 of this lab, you will compare the actual sales tax paid in 2015 with the estimated sales tax paid that you calculated in Lab 9-2. That estimate came from applying the state sales tax rate in each state that Dillards operates physical stores to the total transaction amount for each of those states. Do you anticipate the actual sales tax paid to be more or less than the estimated amount? Why?
AQ3. Consider Montana (MT). The estimated state sales tax owed was $0.00, but the actual amount paid was $1,043.55. Why did Dillards owe taxes in Montana if Montana did not have a sales tax in 2015?
AQ4. Why do the numbers of sales tax owed vary from the estimated amount for each state? Why is it important to take into account more data points than just the state sales tax rate when calculating the amount of tax owed?
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