Carter Company Records Sales on Account of $950,500

question 60

Multiple Choice

Carter Company records sales on account of $950,500.The company operates in a state that imposes a 5% sales tax.Which of the following would be the amount of the Sales tax payable to the state?

• A) $47,525
• B) $50,500
• C) $45,000
• D) $55,000

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Definitions:

Cards

Pieces of heavy paper or thin cardboard, often rectangular, used for writing, playing games, or as a tool for various statistical teaching methods.

Postmarked Bismarck

Indicating that an item of mail was stamped in Bismarck, reflecting the time and location of mailing.

North Dakota

A U.S. state located in the Upper Midwest and Northern regions, known for its vast landscapes and natural resources.

Laughing Inside

Feeling amusement or joy internally without necessarily showing it outwardly through laughter.