A Retail Store Credited the Sales Revenue Account for the Sales

question 182

Multiple Choice

A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $252,000, what is the amount of the sales taxes owed to the taxing agency?

• A) $240,000
• B) $252,000
• C) $12,600
• D) $12,000

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Definitions:

Stratum Corneum

The outermost layer of the skin, composed of dead keratinocytes, that serves as the primary barrier against environmental elements.

Melanin

is a pigment produced by melanocytes in the skin, determining skin and hair color and providing protection against UV radiation.

Keratinocytes

The primary type of cell found in the epidermis, responsible for producing keratin.

Adipose

Fat.