Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Mighty Manny, Incorporated manufactures and services deli machinery and distributes them a...

Mighty Manny, Incorporated manufactures and services deli machinery and distributes them across the United States. Mighty Manny is incorporated and headquartered in New Jersey. It has sales and use

Mighty Manny, Incorporated manufactures and services deli machinery and distributes them across the United States. Mighty Manny is incorporated and headquartered in New Jersey. It has sales and use tax nexus in New Jersey, New York, Pennsylvania, Rhode Island, and South Carolina. Mighty Manny has sales as follows:

Mighty Manny’s Sales
State Goods   Services   Total
New Jersey   1,304,292     382,984     1,687,276
New York   929,402     325,327     1,254,729
Pennsylvania   320,481     93,203     413,684
Rhode Island   85,419     0     85,419
South Carolina   52,427     0     52,427
Totals $ 2,692,021   $ 801,514   $ 3,493,535
 

Assume the following sales tax rates: New Jersey (7.5 percent), New York (8.5 percent), Pennsylvania (6.5 percent), Rhode Island (7.25 percent), and South Carolina (5.5 percent). What is Mighty Manny's total sales and use tax liability?

Multiple Choice

$62,435

$260,088

$206,729

$269,164

Jun 21 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions