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Santa Fe Co. is a retail store operating in a state with a 6% retail sales tax. The retailer may keep 2% of the sales
Santa Fe Co. is a retail store operating in a state with a 6% retail sales tax. The retailer may keep 2% of the sales tax collected. Santa Fe Co. records the sales tax in the Sales account. The amount recorded in the Sales account during May was $222,600. The amount of sales taxes, rounded to the nearest whole dollar, for May is: (a) $13,089. (b) $12,600. (c) $13,356. (d) $14,157
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