QUESTION 4 Company N operates a mail order business out of its heacquarters in T

Question

QUESTION 4 Company N operates a mail order business out of its heacquarters in Tulsa, Oklahoma. This year, it mailed $892,000 worth of product to customers residing in Oklahoma and $489,300 worth of product to customers residing in Missouri. Which of the following statements is true? OCompany N must collect Oklahoma sales tax from its Oklahoma customers and Missouri sales tax from its Missouri customers Company N must collect Oklahoma sales tax from both its Oklahoma and Missouri customers. Company N must collect Oklahoma sales tax from its Oklahoma customers. O Company D is not required to collect sales tax on any mail order sales. QUESTION 5

Explanation / Answer

Answer-Company N must collect Oklahoma sales tax from its Oklahoma customers.

Reason:

Company N has no physical presence in Missouri so it is not required to collect Missouri sales tax.

Answer-Company N must collect Oklahoma sales tax from its Oklahoma customers.

Reason:

Company N has no physical presence in Missouri so it is not required to collect Missouri sales tax.

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