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12-08-2020
Business

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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

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Parrain Parrain

14-08-2020

Answer: A. $96,855

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

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