Mr Smith Resides in a State with a 6% Sales

question 30

Multiple Choice

Mr. Smith 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 7% sales tax. Which of the following statements is true?

• A) Mr. Smith is entitled to a refund of 1% of the purchase price of the sailboat.
• B) Mr. Smith does not owe a use tax to his home state.
• C) Mr. Smith's use tax liability to his home state equals 6% of the purchase price of the sailboat.
• D) None of the above is true.

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Definitions:

Alzheimer's

A progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes, leading to severe dementia.

Thalamus

An essential brain structure that acts as a relay station for most sensory and motor signals to the cerebral cortex.

Hypothalamus

A small region of the brain that plays a crucial role in many important functions, including releasing hormones, regulating body temperature, and maintaining daily physiological cycles.

Alzheimer's Disease

A progressive neurological disorder characterized by memory loss, cognitive decline, and personality changes, resulting from the degeneration of brain cells.