State and local general sales tax


Jared wants to give his wife a $30,000 diamond necklace for her birthday. To avoid the state and local general sales tax of 8.5%, he asks his aunt (who lives in New Hampshire) to make the purchase. Has Jared saved $2,550 (8.5% $30,000)?

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Accounting Basics: State and local general sales tax
Reference No:- TGS092697

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