Layton Company Does Not Ring Up Sales Taxes Separately on the Cash

question 45

Multiple Choice

Layton Company does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $52,500. If the sales tax rate is 5%, what amount must be remitted to the taxing authority for October's sales taxes?

• A) $2,500
• B) $2,625
• C) $125
• D) It cannot be determined.

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Definitions:

Delay Sales

A strategy or situation in which the sale of goods or services is postponed to a later time, possibly in anticipation of more favorable market conditions or prices.

Encrypted Servicing

The process of providing services through secure, encrypted communications to protect sensitive information.

Faulty Design

Describes a product, structure, or system that has inherent flaws or errors in its design, leading to inefficiency, malfunction, or potential hazards.

Service Technicians

Professionals who specialize in the maintenance, repair, or installation of technical equipment, often requiring specific skills and certifications.