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Show all work Lancer, Inc., is a retail store operating in a state with a 7% retail sales tax. The state law provides that the
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Lancer, Inc., is a retail store operating in a state with a 7% retail sales tax. The state law provides that the retail sales tax collected during the month the retailer may keep 2% of the sales tax collected. On June 10, 2022 Lancer remitted $242,500 tax to the state tax division for March 2021 retall sales. What was Lancer's May 2022 retail sales subject to sales taxStep by Step Solution
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