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johnny debit, CPA is an accountant with an office in state blue. he has seven employees in total. in February, his firm implements a new
johnny debit, CPA is an accountant with an office in state blue. he has seven employees in total. in February, his firm implements a new accounts receivable system at Jones Inc., for which it secures $150,000 in fees. all the debit's firm work is performed in state blue. delighted with this revenue, johnny decides to purchase a $50,000 BMW at Teutonic Motors, a BMW dealership located in state blue. Johnny trades in a 2022 honda getting $10,000 in trade-in value. State Blue imposes a 10% sales tax rate. TRUE OR FALSE: Jones will, more likely than not, owe a $5,000 sales tax on his BMW purchase
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