Mr Dodd Resides in a State with a 6% Sales

question 85

Multiple Choice

Mr. Dodd resides in a state with a 6% sales and use tax. He recently traveled to another state to buy furniture and paid that state's 4% sales tax. Which of the following statements is true?

• A) Mr. Dodd's use tax liability to his home state equals 2% of the purchase price of the furniture.
• B) Mr. Dodd does not owe a use tax to his home state.
• C) Mr. Dodd's use tax liability to his home state equals 6% of the purchase price of the furniture.
• D) None of these choices are true.

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Definitions:

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An array of values, deduced from sample analysis, with a high probability of including the value of a hidden population parameter.

Confidence Interval

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