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 refund to next years tax liability. This years Form 540 had the following amounts: Adjusted gross income $187,628 Total tax $ 8,092 Total payments $ 10,113 Questions: 8. What is the amount of use tax to be reported on Form 540, line 91?
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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