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ces Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $822,500
ces Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $822,500 item of tangible property in State K and paid $24,675 sales tax to the state. It also purchased a $855,000 item of tangible property in State L and paid $58,995 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 Heliot owes to State H for the property purchased in State L Complete this question by entering your answers in the tabs below. Required A Required B Compute the use tax that Heliot owes to State H for the property purchased in State K. Amount Pre credit use tax Sales tax paid to State K Use tax owed to State H Required B > Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $822,500 item of tangible property in State K and paid $24,675 sales tax to the state. It also purchased a $855,000 item of tangible property in State L and paid $58,995 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 Heliot owes to State H for the property purchased in State L Complete this question by entering your answers in the tabs below. Required A Required B Compute the use tax that Heliot owes to State H for the property purchased in State L Amount Pre credit use tax Sales tax paid to State L Use tax owed to State H < Required A
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