Question

Firm H operates its business in State H, which levies a 6 percent sales and use tax. This year, the firm purchased a $600,000 item of tangible property in State K and paid $18,000 sales tax to the state. It also purchased a $750,000 item of tangible property in State L and paid $48,750 sales tax to the state. Firm H transported both items of property into State H for use in its business.
a. Compute the use tax that Firm H owes to State H for the property purchased in State K.
b. Compute the use tax that Firm H owes to State H for the property purchased in State L.


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  • CreatedNovember 03, 2015
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