A Retail Store Does Not Segregate Sales and the Amount

question 86

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

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Definitions:

Birth Rate

The number of live births per thousand of the population per year.

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The total spending on capital within a country, including spending on new buildings, machinery, and inventory changes.

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A measure of the value of all goods and services produced by an economy adjusted for price changes or inflation.

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The investment of capital by individuals, corporations, or governments from one country into business interests within another country.