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Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $10,920. All sales are subject to a 4% sales tax.

Respuesta :

Tundexi

Answer:

$420

Explanation:

Missing question "Compute sales taxes payable"

Sales excluding sales tax  = $10,920/(1+0.04)

Sales excluding sales tax  = $10,920/1.04

Sales excluding sales tax  = $10,500

Sales tax payable = Total sales including sales tax - Sales excluding sales tax

Sales tax payable = $10,920 - $10,500

Sales tax payable = $420

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