Use the Following Information for Questions

question 72

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 payable (to the nearest dollar) to the state for the month of May is

• A)$8,551.
• B)$8,232.
• C)$8,726.
• D)$9,249.

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Definitions:

Caffeine Dependency

A condition defined by a compulsive need for caffeine to achieve alertness or avoid withdrawal symptoms, reflecting a physical or psychological reliance.

Caffeine Withdrawal

Symptoms that occur after sudden cessation of caffeine consumption, including headache, fatigue, and irritability.

Prescription Drug

Medications that are legally dispensed only with a written or electronic order from a healthcare professional.

Short-Term Drowsiness

A temporary state of feeling sleepy or lethargic, often lasting for a brief period.