Use the following information for questions 5 and 6 . Posner Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. Posner Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $256,800. 5. The amount of sales taxes (to the nearest dollar) for May is a. $10,762. b. $16,450. c. $12,631. d. $16,800. 6. The amount of sales taxes payable (to the nearest dollar) to the state for the month of May is a. $12,573. b. $16,121. c. $10,762. d. $16,464