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Paul Pierce Incorporated is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales

Paul Pierce Incorporated is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. Paul Pierce Incorporated records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during July was $301,250. The amount of sales taxes payable (to the nearest dollar) to the state for the month of July is??

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