Suppose You Buy Dinner for $23

question 45

Multiple Choice

Suppose you buy dinner for $23.75 that includes an 8% sales tax.How much did the restaurant charge you for the dinner (excluding any tax) and how much do they owe for sales tax?

• A)$23.75 for dinner and $1.90 for sales tax.
• B)$23.75 for dinner and no sales tax.
• C)$21.85 for dinner and $1.90 for sales tax.
• D)$21.99 for dinner and $1.76 for sales tax.

---

Definitions:

Cash Short

A situation where the amount of cash on hand is less than the recorded amount, often indicating errors or theft.

Office Supplies

Consumable items that are used in offices on a day-to-day basis for administrative and office-related tasks, such as paper, pens, and staples.

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses to avoid the complexities of writing checks.

Missing Funds

Refers to a situation where there is a discrepancy between expected and actual funds, indicating that money might be unaccounted for or lost.