Question

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

Answer 1

Answer: A. $96,855

Step-by-step explanation:

Sales taxes are a form of revenue for Government and are paid on certain goods and services.

The formula is;

Sales tax payable = Goods sold * Sales Tax rate

= 880,500 * 0.11

= $‭96,855‬