Trent, Inc., is a retail store operating in a state with a 5% 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 3% of the sales tax collected.On April 10, 2007, Trent remitted $81,480 tax to the state tax division for March 2007 retail sales.What was Trent 's March 2007 retail sales subject to sales tax?
A) $1,629,600.
B) $1,596,000.
C) $1,680,000.
D) $1,645,000.
Correct Answer:
Verified
Q69: The total payroll of Waters Company for
Q70: A company offers a cash rebate of
Q71: Timmons Co., which has a taxable payroll
Q72: On December 31, 2006, Frye Co.has $2,000,000
Q73: Holbert Corporation has $2,500,000 of short-term debt
Q75: Use the following information for questions
Q76: Unruh Co., which has a taxable payroll
Q77: A company offers a cash rebate of
Q78: Grogan Corporation has $1,800,000 of short-term debt
Q79: A company gives each of its 50
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents