Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NEED HELP WITH THE 5 BLANK STATES ASAP DUE SOON!! PLEASE AND THANK U! LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states,

NEED HELP WITH THE 5 BLANK STATES ASAP DUE SOON!! PLEASE AND THANK U!
image text in transcribed
image text in transcribed
LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states, LeMond also has a Wisconsin retail store and an Internet store that ships to out-of-state customers. The bicycle tours operate in Colorado, North Carolina, and Wisconsin, where LeMond has employees and owns and uses tangible personal property. LeMond has real property only in Wisconsin and logs the following sales: Assume the following hypothetical tax rates: Arizona (5.6 percent), California ( 7.75 percent), Colorado ( 8 percent), North Carolina ( 6.75 percent). Oregon ( 8 percent), and Wisconsin (5 percent). How much sales tax must LeMond collect and remit, assuming these states, except California, have adopted Wayfair legislation? Assume the following hypothetical tax rates: Arizona (5.6 percent), California (7.75 percent). Colorado ( 8 percent), North Carolina ( 6.75 percent), Oregon ( 8 percent), and Wisconsin (5 percent). How much sales tax must LeMond collect and remit, assuming these states, except California, have adopted Wayfair legislation? How much sales tax must LeMond collect and remit, assuming all of these states have adopted the same standards found in the Wayfair decision? (Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Robonomics Prepare Today For The Jobless Economy Of Tomorrow

Authors: John Crews

1st Edition

1530910463, 978-1530910465

More Books

Students also viewed these Finance questions