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QUESTIONS A retail store credited the sales account for the sales price and the amount of sales tax on sales. If the sales tax rate

QUESTIONS A retail store credited the sales account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales account amounted to $315,000, what is the amount of the sales taxes owed to the taxing agency? A $300,000 $315,000 B. C. $15,750 D. $15,000

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