D Current Liabilities 150000 Longterm Debt 5450000 28 Linton

D) Current Liabilities, $150,000; Long-term Debt, 5450,000 28. Linton Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $14,310. If the sales tax rate is 6%, what amount must be remitted to the state for February\'s sales taxes? A) $858.60 B) $810.00 C) $807.08 D) It cannot be determined. Page 5

Solution

Solution: The amount to be remitted to the state for February\'s sales taxes: $810

Working:

14,310 - (14,310/1.06)

14,310 - 13,500

$810