Question: Entity C does not account for sales taxes separately when making sales. The sales tax rate is 6%. If the total amount collected was $318,000,
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Entity C does not account for sales taxes separately when making sales. The sales tax rate is 6%. If the total amount collected was $318,000, how much was the sales tax?
A) $19,080
B) $18,000
C) $300,000
D) Cannot be determined.
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