I got $0 for questions 1,2 are NOT correct, can you help me correct and...
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Accounting
I got $0 for questions 1,2 are NOT correct, can you help me correct and explain it? tks
1). Jamie is single and shops online for household purchases such as televisions and computer equipment for personal use. This year Jamie purchased $12,330 of items each above $1,000 and $750 of items each below $1,000 from out of state retailers. Jamie sales tax rate area is 8.25% and he paid $3 of sales and use tax to other states. Jamie applies 75% of any refund to next years tax liability. This years Form 540 had the following amounts:
Adjusted gross income $187,628
Total tax $ 8,092
Total payments $ 10,113
What is the amount that will be "Applied to Next Year" reported on Form 540, line 98?
$0
$242
$744
$968
2). Jamie is single and shops online for household purchases such as televisions and computer equipment for personal use. This year Jamie purchased $12,330 of items each above $1,000 and $750 of items each below $1,000 from out of state retailers. Jamie sales tax rate area is 8.25% and he paid $3 of sales and use tax to other states. Jamie applies 75% of any refund to next years tax liability. This years Form 540 had the following amounts:
Adjusted gross income $187,628
Total tax $ 8,092
Total payments $ 10,113
What is the amount of "Overpaid Tax Available this Year" reported on Form 540, line 99?
$0
$248
$726
$968
3). Jamie is single and shops online for household purchases such as televisions and computer equipment for personal use. This year Jamie purchased $12,330 of items each above $1,000 and $750 of items each below $1,000 from out of state retailers. Jamie sales tax rate area is 8.25% and he paid $3 of sales and use tax to other states. Jamie applies 75% of any refund to next years tax liability. This years Form 540 had the following amounts:
Adjusted gross income $187,628
Total tax $ 8,092
Total payments $ 10,113
What is the amount of "Tax Due" reported on Form 540, line 100?
$0
$242
$726
$968
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