Question: 2 points Lancer, Inc., is a retail store operating in a state with a 7% retail sales tax. The state law provides that the retail
2 points Lancer, Inc., is a retail store operating in a state with a 7% retail sales tax. The state law provides that the retail sales tax collected during the month must be remitted to the state during the following month. If the amount collected is remitted to the state on or before the twentieth of the following month, the retailer may keep 2\% of the sales tax collected. On June 10, 2022 Lancer remitted $242,500 tax to the state tax division for May 2022 retail sales. What was Lancer's May 2022 retail sales subject to sales tax? $3,464,286$3,566,176$3,534,985$2,694,444
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