Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There is no additional information. 2. Suppose there is a UAE based business, XYZ International which sells some products (for example Eye lashes) to customers

There is no additional information.

image text in transcribed
2. Suppose there is a UAE based business, XYZ International which sells some products (for example Eye lashes) to customers in different states of the US, using the AMAZON platform. (20 points) a. Suppose it sold eyelashes to customer's in WI, MN, IA, GA, and IL: Total sales were $100 in each state and the total sales were for $500. Amazon would charge $15% of $500 or $75 as its fees. b. Will Amazon also collect the sales tax from customers of each of the 5 states (for the simplicity say it's 6%) and remit the UAE based seller $395? (15% and 6%). Then amazon would file the sales tax return on behalf of the UAE based business. c. Or Amazon would just deduct 15% and remit $425 to the UAE seller? UAE seller will be responsible to file and deposit the sales tax in each of the 5 states, separately

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: James Jiambalvo

4th edition

9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797

More Books

Students also viewed these Accounting questions

Question

The symbol Answered: 1 week ago

Answered: 1 week ago

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago

Question

1. Background knowledge of the subject and

Answered: 1 week ago