Question
Ces Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Hellot purchased a $665,000
Ces Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Hellot purchased a $665,000 item of tangible property in State K and paid $19,950 sales tax to the state. It also purchased a $952,500 item of tangible property in State L and paid $60,960 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. Required A Required B Compute the use tax that Heliot owes to State H for the property purchased in State K. Pre credit use tax Sales tax paid to State K Use tax owed to State H Amount
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