A Retail Store Does Not Segregate Sales and the Amount

question 156

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 $262500 what is the amount of the sales taxes owed to the taxing agency?

• A) $250000
• B) $262500
• C) $13125
• D) $12500

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Definitions:

Meatus

A meatus refers to a natural body passage or opening, such as the urinary meatus in the urethra or the nasal meatus in the nasal cavity.

Foramen

A natural opening or passage, especially in a bone, through which nerves or blood vessels may pass.

Yellow Bone Marrow

A type of bone marrow primarily composed of fat cells, which serves as a storage reserve of fats and contributes to energy supply.

Medullary Cavity

The central cavity of bone shafts where red bone marrow and/or yellow bone marrow (fat) is stored; it is found within the diaphysis of long bones.