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Penny's Inc. had sales of $21,000 including sales tax of 5%. As a consequence a) The consumers would owe $1,050 to the IRS b)

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Penny's Inc. had sales of $21,000 including sales tax of 5%. As a consequence a) The consumers would owe $1,050 to the IRS b) Penny's would owe $1,050 to the IRS c) Nobody would owe any money because the sales tax has been collected d) Penny's would owe $1,000 to the IRS

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