Barter Inc.sold goods for $875,500 on account.The company operates in a state that imposes a 6% sales tax.Which of the following would be the amount of the sales tax payable to the state?

Question

Quizplus · Accepted Answer

To calculate the sales tax payable, we need to multiply the total amount of sales by the sales tax rate. 
Sales Tax = Total amount of sales * Sales tax rate
Sales Tax = $875,500 * 6% = $52,530
Therefore, the amount of sales tax payable to the state is $52,530. Option A is the correct choice.