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What amount is payable to the tax authorities

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Reference no: EM132752164

Problem 1: Lucia purchases goods for $170,640, excluding sales tax, and sells goods for E230,520, including sales tax. What amount is payable to the tax authorities if the rate of sales tax is 20%?

a. $4,292

b. 19,980

C. E11,976

d. $14,930

Reference no: EM132752164

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