A Woman Owns a Small, Cash-Only Business in a State

question 133

Multiple Choice

A woman owns a small, cash-only business in a state that requires her to charge 6% sales tax on each item she sells. At the beginning of the day, she has $100 in the cash register. At the end of the day, she has $736 in the register. How much money should she send to the state government for the sales tax she collected?

• A) She should send $44.16.
• B) She should send $38.16.
• C) She should send $50.16.
• D) She should send $35.
• E) She should send $36.

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Definitions:

Fundamentally Different Industries

are industries that vary greatly in their nature, operations, market dynamics, and regulatory environments.

Expected Return

The anticipated amount of profit or loss an investment generates, based on historical data or probabilistic estimates.

Dividend

A payout to shareholders from a company's earnings, reflecting the company's earning power and success.

Stock Price

The current price at which a share of a company is being traded on the stock market.