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You are the owner of Cach, a chain of women's clothing boutiques. Your state has a sales tax of 5%, and your city has an
You are the owner of Cach, a chain of women's clothing boutiques. Your state has a sales tax of 5%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $585,750. (a) How much of this revenue was sales in $) and how much was sales tax (in $)? sales sales tax $ (b) How much sales tax (in $) should be sent to the city? $ (c) How much sales tax (in $) should be sent to the state? $
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