1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anastassius [24]
1 year ago
8

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.
Business
1 answer:
olasank [31]1 year ago
6 0

The total Use tax Heliot Owes State H for Property in K is $18,000

<h3>What is a business?</h3>

A business can be defined as the part where the buying and the selling of the product is done in the organization.

Use of Tax Heliot owes to State H for Property Purchased

The value of the property in State H that Heliot Purchased =  $600,000

Tax rate applicable in State H  =  6%

Tax for Pre-credit use (0.06 x 600,000)  = $36,000

Subtract The sales tax paid by Heliot to State K = loss $18,000

The total Use tax Heliot Owes State H is $18,000

Learn more about business, here:

brainly.com/question/15826771

#SPJ4

The question is incomplete, the complete question is:

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

You might be interested in
Assume tax rates on single individuals are 10% on taxable income up to $9,275, 15% on income of $9,276 to $37,650 and 25% on inc
mario62 [17]

Answer:

total  tax liability = $8771.25

Explanation:

given data

taxable income up to $9,275 single individuals = 10 %  

income of $9,276 to $37,650 = 15 %

income of $37,651 to $91,150 = 25 %

solution

we know here  amount upto  $9,275 is

amount upto  $9,275 =  $9,275 × 10% = $927.50     ..........1

and

amount  $9,276 to $37,650 = ( 37650 - 9276 ) × 15%  = $4257.45     ........2

and

amount $37,650 to $50,000 = ( 50000 - 37650) × 25% = $3587.50     ............3

so now add all 3 equation we get

total  tax liability = $927.5 + $4256.25 + $3587.5

total  tax liability = $8771.25

Tax Bracket rate amount

upto $          9,275 10% $     927.50

next (37650-9275) $        28,375 15% $ 4,256.25

remaining $        14,350 25% $ 3,587.50

total $        52,000  $ 8,771.25

8 0
3 years ago
What is the difference between inflation and deflation.
tino4ka555 [31]

Answer:

D. Inflation can result from rising demand and reduces the value of money. Deflation can result from falling demand and boost the value of money.

Explanation:

Inflation is the general increase in prices in the economy over time. As the economy grows, prices automatically rise. There is a direct correlation between economic development and inflation. A high growth rate may result in a high inflation rate. High growth is caused by an increase in demand for goods and services.

Inflation erodes the purchasing power of money. As prices increase, it means one unit of money will purchase fewer quantities of goods and services than the previous season.

Deflation is the opposite of inflation. It means a general decline in prices in the country. Low production due to reduced demand causes prices to decline. One unit of money will purchase more quantities of goods and services as prices decline.

7 0
3 years ago
Read 2 more answers
Who formed the free software foundation to promote open development?
Papessa [141]
Richard Stallman was the free software foundation to promote open development.

Have a good day! :D
6 0
3 years ago
Read 2 more answers
The term used for bonds that are unsecured as to principal is :
DanielleElmas [232]

Answer: b. debenture bonds.

Explanation:

A debenture bond is a debt instrument that is unsecured by a collateral or asset. They are issued by companies to raise capital.

A callable bond is a bond that can be redeemed before its maturity date.

A junk bond is a very risky bond with low credit ratings but pay a higher yield when compared to better rated bonds.

Indebenture bond is a legal document that describes the features and terms of a bond.

7 0
2 years ago
On December 31, Tradewinds Company decides to trade in one of its ships for another one that has a cost of $800,000. The seller
tatuchka [14]

Answer:

gain of $10,000

Explanation:

The gain or loss that Tradewinds will have is the difference between the trade-in amount and the basis minus accumulated depreciation:

gain / loss = trade-in amount - (basis - accumulated depreciation) = $60,000 - ($600,000 - $550,000) = $60,000 - $50,000 = $10,000

since the result is a positive number, it is a gain

7 0
3 years ago
Other questions:
  • And currency risks are to key country success factors as land costs and​ ________ are to key region success factors.
    11·1 answer
  • Select the correct answer. Martha is a healer, a healthcare provider, and an experienced nurse. She wants to share her daily exp
    10·2 answers
  • Terry Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and te
    5·1 answer
  • g Texas Corporation purchases a piece of equipment on January 1 for $300,000 and the equipment has an expected useful life of te
    11·1 answer
  • Short-termism is defined as Group of answer choices weighing the short-term costs of regulatory compliance with the long-term co
    6·1 answer
  • Buzz Coffee Shops is famous for its large servings of hot coffee. After a famous case involving McDonald’s, the lawyer for Buzz
    8·1 answer
  • Autoliv produces air bag systems that it sells to automobile manufacturers throughout the world. Assume the company has a capaci
    14·1 answer
  • Graduating from college two years ago, Marshall lives a solidly middle-income lifestyle. He’s paying his student loans, his rent
    8·1 answer
  • Kulka Corporation manufactures two products: Product F82D and Product T05P. The company uses a plantwide overhead rate based on
    15·1 answer
  • Bond valuation) ​Pybus, Inc. is considering issuing bonds that will mature in years with an annual coupon rate of percent. Their
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!