Reference no: EM133099565

Question - Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $600,000 item of tangible property in State K and paid $ 18,000 sales tax to the state. It also purchased a $750,000 item of tangible property in State L and paid $48,750 sales tax to the state. Firm H transported both items of property into State H for use in its business.

Required -

a. Compute the use tax that Heliot owes to State H for the property purchased in State K.

b. Compute the use tax that Heliot owes to State H for the property purchased in State L.