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Mahre, Incorporated, a New York corporation, runs ski tours in a several states. Mahre also...

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Accounting

Mahre, Incorporated, a New York corporation, runs ski tours in a several states. Mahre also has a New York retail store and an Internet store, which ships to out-of-state customers. Assume sales transactions in all states, except New York, are under 200 and that all states have adopted Wayfair legislation. The ski tours operate in Maine, New Hampshire, and Vermont, where Mahre has employees and owns and uses tangible personal property. Mahre has real property only in New York. Mahre has the following sales:

Mahre Sales
State Goods Services Total
Alaska $ 23,224 $ 0 $ 23,224
Colorado 10,642 0 10,642
Maine 36,018 156,189 192,207
New Hampshire 26,841 325,672 352,513
New York 65,566 0 65,566
Vermont 42,102 277,726 319,828
Totals $ 204,393 $ 759,587 $ 963,980

Assume the following sales tax rates: Alaska (0 percent), Colorado (7.75 percent), Maine (8.5 percent), New Hampshire (0 percent), New York (8 percent), and Vermont (5 percent). How much sales and use tax must Mahre collect and remit?

Multiple Choice

  • $10,412

  • $14,485

  • $26,763

  • $61,319

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