Barron, Inc. sold goods for $883,500 on account. The company operates in a state that imposes a 9% sales tax. What is the amount of the sales tax payable to the state?

Name: Barron, Inc. sold goods for $883,500 on account. The company operates in a state that imposes a 9% sales tax. What is the amount of the sales tax payable to the state?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The sales tax payable is calculated by multiplying the total sales amount by the sales tax rate. Therefore, $883,500 * 9% = $79,515.