Nike Corporation is owned equally by Sven and his wife Olga, each of whom hold 100 shares in the company. Nike redeemed 75 shares of Sven's stock for $2,000 per share on December 31, 20X3. Nike has total E&P of $500,000. What are the tax consequences to Nike because of the stock redemption?

Boss, Incorporated manufactures sandals and distributes them across the southwestern United States. Assume that Boss has sales and use tax nexus in Arizona, California, Colorado, New Mexico, and Texas. Boss has sales as follows:

State	Goods
Arizona	$583,442
California	1,004,139
Colorado	487,332
New Mexico	274,076
Oregon	503,100
Texas	892,224
Utah	302,237
Totals	$4,046,550

Assume the following sales tax rates: Arizona (6 percent), California (8 percent), Colorado (7 percent), New Mexico (6.5 percent), Oregon (7.25 percent), Texas (8 percent), and Utah (5 percent). What is Boss's total sales and use tax liability?