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

question 17

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?


Definitions:

Celibacy

Not engaging in any kind of sexual activity.

Contraceptives Inconsistently

The irregular or improper use of birth control methods, which can lead to decreased effectiveness in preventing pregnancy.

Contraceptive Patch

A transdermal patch applied to the skin that releases hormones to prevent pregnancy.

Estrogen

A group of steroid hormones that play an essential role in the regulation of the reproductive and menstrual cycle.

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