Question: AQ 1 . Consider Montana ( MT ) . The estimated state sales tax owed was $ 0 . 0 0 , but the actual

AQ1. Consider Montana (MT). The estimated state sales tax owed was $0.00, but the actual amount paid was $1,043.55. Why did Dillards owe taxes in Montana if Montana did not have a sales tax in 2015?
AQ2. Why do the numbers of sales tax owed vary from the estimated amount for each state? Why is it important to take into account more data points than just the state sales tax rate when calculating the amount of tax owed?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!