Mahre, Incorporated, a New York corporation, runs ski tours in several states. Mahre also has a New York retail store and an Internet store, whi ansactions in all states, except New York, are under 200 and that all states have adopted Wayfair legislation. The ski tours operate in Maine, mployees and owns and uses tangible personal property. Mahre has real property only in New York. Mahre has the following sales: Alaska Colorado State Maine New Hampshire New York Vermont Mahre Sales Goods $ 23,194 10,612 35,913 26,721 65,431 41,982 Services $0 0 156,084 325,327 0 277,441 Total $ 23,194 10,612 191,997 352,048 65,431 319,423

Mahre, Incorporated, a New York corporation, runs ski tours in several states. Mahre also has a New York retail store and an Internet store, whi ansactions in all states, except New York, are under 200 and that all states have adopted Wayfair legislation. The ski tours operate in Maine, mployees and owns and uses tangible personal property. Mahre has real property only in New York. Mahre has the following sales: Alaska Colorado State Maine New Hampshire New York Vermont Mahre Sales Goods $ 23,194 10,612 35,913 26,721 65,431 41,982 Services $0 0 156,084 325,327 0 277,441 Total $ 23,194 10,612 191,997 352,048 65,431 319,423

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter24: Multistate Corporate Taxation

Section: Chapter Questions

Problem 23CE

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LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has a Wisconsin retail store and an Internet store that ships to out-of-state customers. The bicycle tours operate in Colorado, North Carolina, and Wisconsin, where LeMond has employees and owns and uses tangible personal property. LeMond has real property only in Wisconsin and logs the following sales: State Arizona California Colorado North Carolina Oregon Wisconsin Totals State Arizona California Colorado LeMond Sales North Carolina Oregon Wisconsin Goods $ 34,194 110,612 25,913 16,721 15,431 241,982 $ 444,853 Sales and Use Tax $ Services Assume the following hypothetical tax rates: Arizona (5.6 percent), California (7.75 percent), Colorado (8 percent), North Carolina (6.75 percent), Oregon (no sales tax), and Wisconsin (5 percent). How much sales tax must LeMond collect and remit, assuming these states, have adopted Wayfair legislation? Note: Round your final answers to the nearest whole…
LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has a Wisconsin retail store and an Internet store that ships to out-of-state customers. The bicycle tours operate in Colorado, North Carolina, and Wisconsin, where LeMond has employees and owns and uses tangible personal property. LeMond has real property only in Wisconsin and logs the following sales: State Arizona California Colorado North Carolina Oregon Wisconsin Totals LeMond Sales State Goods $ 34,610 111,380 26,297 17,021 Arizona California Colorado North Carolina Oregon Wisconsin Services $0 0 357,332 225,947 0 15,691 242,734 878,713 $ 447,733 $ 1,461,992 Sales and Use Tax Assume the following hypothetical tax rates: Arizona (5.6 percent), California (7.75 percent), Colorado (8 percent), North Carolina (6.75 percent), Oregon (8 percent), and Wisconsin (5 percent). How much sales tax must LeMond collect and remit, assuming these states, except California, have adopted Wayfair…
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LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has a Wisconsin retail store and an Internet store that ships to out-of-state customers. The bicycle tours operate in Colorado, North Carolina, and Wisconsin where Armstrong has employees and owns and uses tangible personal property. Armstrong has real property only in Wisconsin and logs the following sales: Armstrong Sales State Goods Services Total Arizona $34,194 $0 $34,194 California 110,612 0 110,612 Colorado 23,913 356,084 379,997 North Carolina 16,721 225,327 242,048 Oregon 15,431…
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