Multiple Choice
Use the following information for questions
Raney Co.is a retail store operating in a state with a 6% retail sales tax.The retailer may keep 2% of the sales tax collected.Raney Co.records the sales tax in the Sales account.The amount recorded in the Sales account during May was $148,400.
-The amount of sales taxes (to the nearest dollar) for May is
A) $8,726.
B) $8,400.
C) $8,904.
D) $9,438.
Correct Answer:
Verified
Correct Answer:
Verified
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