Question: Bibi's Beach Boutique does not ring up sales tax separately. If the sales tax rate is 5% and the total receipts amounted to $126,0 what

 Bibi's Beach Boutique does not ring up sales tax separately. If

Bibi's Beach Boutique does not ring up sales tax separately. If the sales tax rate is 5% and the total receipts amounted to $126,0 what is the amount of the sales taxes owed to the taxing agency? $126,000$6,000$6,300$120,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!