Use the following information for question A and B

Raney 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. Raney Co. records the sales tax in the sales account. The amount recorded in the sales account during may was $556,500.

A. The amount of sales taxes (to the nearest dollar) for May is

a) $32,722

b) $31,500

c) $33,390

d) $35,392

B. The amount of sales tax payable (to the nearest dollar) to the state for the month of May is

a) $32,068

b) $30,870

c) $32,722

d) $34,685