Multiple Choice
A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $136500 what is the amount of the sales taxes owed to the taxing agency?
A) $130000
B) $136500
C) $6825
D) $6500
Correct Answer:
Verified
Correct Answer:
Verified
Q81: Landfall Navigation began operations in 2017 and
Q82: Any balance in an unearned revenue account
Q83: Which of the following statements about liabilities
Q84: As interest is recorded on an interest-bearing
Q85: A company receives $696 of which $56
Q87: Lake Norman Company has twenty employees who
Q88: The payroll is paid by the<br>A) personnel
Q89: When an interest-bearing note matures the balance
Q90: Current liabilities are expected to be paid
Q91: The following totals for the month