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in 2023, jones inc. purchased from crazy cory applaicnes (Same transaction), a new copper cutting saw for use in state red facility, a refrigerator for
in 2023, jones inc. purchased from crazy cory applaicnes (Same transaction), a new copper cutting saw for use in state red facility, a refrigerator for use in the employees lunchroom in state red and a warranty contract covering repairs to the saw and the refrigerator for five years. state red has sales tasx and use tax rate of 10%. crazy corey has its only operations in alaska and was not required to collect state red sales taxes. crazy corey issued the following invoice: saw refigerator warranty: $25,000 payment due in 10 days. TRUE OR FALSE: The state red revenue authority will determine that use tax of $2,500 will result from the transaction
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