Question
As a retailer, Zertan Corporation sells software programs manufactured and packaged by other parties. Zertan also purchases computer parts, assembles them as specified by customers
As a retailer, Zertan Corporation sells software programs manufactured and packaged by other parties. Zertan also purchases computer parts, assembles them as specified by customers in purchase orders, and sells them as operating, stand-alone computers. All of Zertan's operations take place in State F, which levies a 9% sales tax. Results for the current year are as follows:
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a. What is Zertans own sales tax expense for the year? $_______________
b. How much F sales tax must Zertan collect and pay to the state on behalf of other taxpayers subject to the tax? $990,000
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