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What the amount of sales taxes for May

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Question - My style Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. My style Co. records the sales tax in the Sales in the Sales Revenue account during May was $754,350. What the amount of sales taxes (to the nearest dollar) for May?

A) $62,286.

B) $49,350.

C) $67,893.

D) $52,806.

Reference no: EM133027622

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