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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 38

Question 38

Essay

Calculate (A) actual sales and (B) sales tax liability.
Total sales: $1,110.50 (includes a 5% tax)
A. $1,057.62;
B. $52.88

Correct Answer:

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