Question: Entity E does not account for sales taxes separately when making sales. The sales tax rate is 9%. If the total amount collected was $10,355,

 Entity E does not account for sales taxes separately when making

Entity E does not account for sales taxes separately when making sales. The sales tax rate is 9%. If the total amount collected was $10,355, how much was the sales tax? Round to the nearest dollar if necessary. $10,355.$855$9,500.$932

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!