Question
Jamie is single and shops online for household purchases such as televisions and computer equipment for personal use. This year Jamie purchased $12,330 of items
Jamie is single and shops online for household purchases such as televisions and computer equipment for personal use. This year Jamie purchased $12,330 of items each above $1,000 and $750 of items each below $1,000 from out of state retailers. Jamie sales tax rate area is 8.25% and he paid $3 of sales and use tax to other states. Jamie applies 75% of any refundto next years tax liability. This years Form 540 had the following amounts:
8.What is the amount of use tax to be reported on Form 540, line 91?
a.$750
b.$1,017
c.$1,103
d.$1,053
9.What is the amount of Payments Balanceto be reported on Form 540, line 92?
a.$8,092
b.$9,060
c.$10,113
d.$12,330
10.What is the amount of Use Tax Balance reported on Form 540, line 93?
a.$0
b.$7,641
c.$8,092
d.$9,013
11.What is the amount of Overpaid Taxreported on Form 540, line 94?
a.$0
b.$726
c.$750
d.$968
12.What is the amount that will be Appliedto Next Year reported on Form 540,line 95?
a.$0
b.$242
c.$726
d.$968
13.What is the amount of Overpaid Tax Available this Year reported on Form 540, line 96?
a.$0
b.$242
c.$726
d.$968
14.What is the amount of Tax Due reported on Form 540, line 97?
a.$0
b.$242
c.$726
d.$968
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