Business, 22.04.2021 19:00 reeseleprell4141
LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has a Wisconsin retail store and an Internet storethat ships to out-of-state customers. The bicycle tours operate in Colorado, North Carolina, and Wisconsin where LeMond has employees and owns and uses tangible personal property. LeMond has real property only in Wisconsin and logs the following sales:
LeMondSales
State Goods Services Total
Arizona $34,194 $0 $34,194
California 110,612 0 110,612
Colorado 25,913 356,084 381,997
North Carolina 16,721 225,327 242,048
Oregon 15,431 0 15,431
Wisconsin 241,982 877,441 1,119,423
Totals $444,853 $1,458,852 $1,903,705
Assume the following tax rates: Arizona (5.6 percent), California (7.75 percent), Colorado (8 percent), North Carolina (6.75 percent), Oregon (8 percent), and Wisconsin (8.5 percent).How much sales and use tax must LeMond collect and remit?
Answers: 2
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LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has...
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