Sales Tax and Sales Revenue

Apr 25th, 2015
Business Finance
Price: $10 USD

Question description

Yesterday Estate Jewelers had total sales, including sales tax, of $16,502.50. The store is located in a state that has a sales tax of 6.75%. As the accountant for the store, calculate:

A) The amount of sales revenue
B) The amount of sales tax that must be sent to the state Department of Revenue.

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