Slovek Co. operates in a county that has enacted a 7% sales tax on retail sales. During Slovek collected $26,000 from customers. This amount includes sales proceeds and sal tax. How much sales tax is included in the amount collected? O $26,000*.07 O $26,000-.93 S26,000/1.07 S26,000/1.07*.07 O None of the above

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Slovek Co. operates in a county that has enacted a 7% sales tax on retail sales. During July,
Slovek collected $26,000 from customers. This amount includes sales proceeds and sales
tax. How much sales tax is included in the amount collected?
O $26,000*.07
O $26,000-.93
O $26,000/1.07
O S26,000/1.07*.07
None of the above
Transcribed Image Text:Slovek Co. operates in a county that has enacted a 7% sales tax on retail sales. During July, Slovek collected $26,000 from customers. This amount includes sales proceeds and sales tax. How much sales tax is included in the amount collected? O $26,000*.07 O $26,000-.93 O $26,000/1.07 O S26,000/1.07*.07 None of the above
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