Business, 12.02.2020 02:29 fortwill05

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 owe to State V with respect to the equipment bought in State B?
b. How much use tax does TR Company owe to State V with respect to the machinery bought in State D?

Answers: 2

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