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My style Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales
My style Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. My style Co. records the sales tax in the Sales in the Sales Revenue account during May was $754,350. The amount of sales taxes (to the nearest dollar) for May is: A) $62,286. B) $49,350. C) $67,893. D) $52,806
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