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    Practical Business Math Procedures Study Set 1
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    Exam 19: Sales, Excise, and Property Taxes
  5. Question
    Calculate (A) Actual Sales and (B) Sales Tax Liability
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Calculate (A) Actual Sales and (B) Sales Tax Liability

Question 18

Question 18

Essay

Calculate (A) actual sales and (B) sales tax liability. Total sales: $1,200.15 (includes a 5% tax.)
A. $1,143;
B. $57.15

Correct Answer:

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