Business, 11.02.2020 18:25 rosemarybooker
TR Company conducts business exclusively in State V, which levies a 5 percent sales and use tax on goods purchased or consumed in-state. This year, TR bought equipment in State B. The cost of the equipment was $90,000, and TR paid $5,400 sales tax to State B. TR also bought machinery in State D. The cost of the machinery was $200,000, and TR paid $7,000 sales tax to State D.
A) How much use tax does TR company own to state V with respect to the equipment bought in state B?
B) How much use tax does TR company own to state V with respect to the machinery bought in state D?
Answers: 1
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