Question

Pina Colada Corp. does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $Unresolved. If the sales tax rate is 6%, what amount must be remitted to the state for February's sales taxes

Answer 1

b. $2,616

Step-by-step explanation:

Missing word "Total receipts for February amounted to $46216. If the sales tax rate is 6%, what amount must be remitted to the state for February's sales taxes? O $2773 O "$2616 O $2608 O It cannot be determined.

Sales tax = Total receipt * Tax rate

Sales tax = Total receipt * 6/106

Sales tax = $46,216 * 6/106

Sales tax = $2,616

So, the amount that must be remitted to the state for February's sales taxes is $2,616.