Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A candy store, operating in a state with a sales tax of 4%, made 658 sales at 10, 932 sales at 40, 776 sales at
A candy store, operating in a state with a sales tax of 4%, made 658 sales at 10, 932 sales at 40, 776 sales at 47, 989 sales at 65, 612 sales at 75, and 861 sales at 95. The store collected a total of $110.28 in sales tax, but the amount of state sales tax the store submitted to the state was based on 4% of gross sales. What is the difference between the amount of tax the store collected and the amount it submitted to the state? Round your intermediate computations and the final answer to the nearest cent.
$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started