Compute the sales and use tax

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Firm H operates its business in State H, which levies a 6 percent sales and use tax. This year, the firm purchased a $690,000 item of tangible property in State K and paid $20,700 sales tax to the state. It also purchased a $887,000 item of tangible property in State L and paid $57,655 sales tax to the state. Firm H transported both items of property into State H for use in its business. a. Compute the use tax that Firm H owes to State H for the property purchased in State K. B. Compute the use tax that Firm H owes to State H for the property purchased in State L.

Reference no: EM131222757

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