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Which of the following descriptions is true of sales tax payable? a . ) Sales tax is a percentage of sales owed to the state
Which of the following descriptions is true of sales tax payable?
a
Sales tax is a percentage of sales owed to the state collected from the customer by the company and paid to the government by the company.
b
Sales tax is a percentage of income owed to the state collected from the customer by the company.
c
Sales is the amount owed to the state collected from the customer by the company and paid to the government by the company.
d
Sales is the amount owed to the company collected from the customer by the company.
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