MrDodd Resides in a State with a 6% Sales and Use

question 1

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 the above is true.

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Definitions:

Medal of Honor

The highest military decoration awarded by the United States to recognize U.S. military service members who have distinguished themselves by acts of valor.

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An accumulation of valuable financial assets or physical possessions which can include money, real estate, and personal property.

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A type of governance where authority is allocated to the populace, either directly or via chosen officials.