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Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $675,000 item of
Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $675,000 item of tangible property in State K and paid $20,250 sales tax to the state. It also purchased a $837,500 item of tangible property in State L and paid $55,275 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. Compute the use tax that Heliot owes to State H for the property purchased in State K. Compute the use tax that Heliot owes to State H for the property purchased in State L
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