Business, 29.04.2021 01:00 elise47

LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has a Wisconsin retail store and an Internet store that 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: LeMond Sales State Goods Services Total Arizona $ 34,818 $ 0 $ 34,818 California 111,764 0 111,764 Colorado 26,489 357,956 384,445 North Carolina 17,171 226,257 243,428 Oregon 15,821 0 15,821 Wisconsin 243,110 879,349 1,122,459 Totals $ 449,173 $ 1,463,562 $ 1,912,735 Assume the following hypothetical tax rates: Arizona (5.6 percent), California (7.75 percent), Colorado (8 percent), North Carolina (6.75 percent), Oregon (8 percent), and Wisconsin (5 percent). How much sales tax must LeMond collect and remit, assuming these states, except California, have adopted Wayfair legislation

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LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has...

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