Richton Company operates its business solely in Jurisdiction H, which levies a 6% sales and use tax. This year, Richton paid $1,438,000 to purchase tangible property from a dealer located in Jurisdiction W. This purchase was subject to W's 3.5% sales tax. The property was shipped to Richton's office in Jurisdiction H for use in its business. Compute Richton's sales or use tax with respect to this transaction.
What will be an ideal response?
Richton must pay $50,330 sales tax to Jurisdiction W ($1,438,000 × 3.5%), and $35,950 use tax to Jurisdiction H ($86,280 [$1,438,000 × 6%] ? $50,330).
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