Multiple Choice
Guido Company does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $25,200. If the sales tax rate is 5%, what amount must be remitted to the state for October's sales taxes?
A) $1,200
B) $1,260
C) $60
D) It cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
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