Vopat, Inc

question 15

Multiple Choice

Vopat, Inc., is a retail store operating in a state with a 5% retail sales tax.The state law provides that the retail sales tax collected during the month must be remitted to the state during the following month.If the amount collected is remitted to the state on or before the twentieth of the following month, the retailer may keep 3% of the sales tax collected.On April 10, 2010, Vopat remitted $81,480 tax to the state tax division for March 2010 retail sales.What was Vopat 's March 2010 retail sales subject to sales tax?

• A)$1,629,600.
• B)$1,596,000.
• C)$1,680,000.
• D)$1,645,000.

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Definitions:

Stimulatory Effects

The outcomes or influences that enhance or increase the activity of biological, chemical, or physical processes.

Insulin Secretion

The process by which the pancreas releases the hormone insulin in response to increased blood glucose levels.

Parasympathetic Stimulation

Activation of the parasympathetic nervous system, leading to responses such as decreased heart rate and increased digestive activity.

Acetylcholine Agonists

Substances that mimic the action of acetylcholine, a neurotransmitter, stimulating the acetylcholine receptor sites.