Question
Rhode company does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $81,900. If the sles tax rate
Rhode company does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $81,900. If the sles tax rate is 5%, what amount must be remitted to the state for October's sales taxes?
A) $3,900
B) $4,095
C) $195
D) It cannot be determined
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Financial Accounting A User Perspective
Authors: Robert E. Hoskin, Maureen R. Fizzell, Donald C. Cherry
4th Canadian Edition
0470834455, 978-0470834459
