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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.

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