Business
Business, 06.12.2019 06:31, octaviangh14

Last year, reggie, a los angeles, california resident, began selling autographed footballs through trojan victory (tv), incorporated, a california corporation. tv has never collected sales tax. last year tv had sales as follows: california ($100,000), arizona ($10,000), oregon ($15,000), new york ($50,000), and wyoming ($1,000). most sales are made over the internet and shipped by common carrier. how much sales tax should tv have collected in each of the following situations:
a) california treats the autographed football as tangible personal property subject to an 8.25 percent sales tax. answer for california.
b) california treats the autographed football as part tangible personal property ($50,000) and part services ($50,000) and tangible personal property is subject to an 8.25 percent sales tax. answer for california.
c) tv has no property or other physical presence in new york (10.25 percent) or wyoming (5 percent). answer for new york and wyoming.
d) tv has reggie deliver a few balls to fans in arizona (5.6 percent sales tax rate) and oregon (no sales tax) while attending football games there. answer for arizona and oregon.
e) related to part d, can you make any suggestions that would decrease tv’s arizona sales tax liability?

answer
Answers: 3

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Last year, reggie, a los angeles, california resident, began selling autographed footballs through t...

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