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What is the amount of sales tax payable on books

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Problem 1: Marc's retail sales for the month of February total $20,000. This amount includes sales tax at a rate of 6%. Marc's Sales Tax Payable account showed a credit balance of $1,450 at the beginning of February, and Marc doesn't pay sales taxes to the state until the end of March. What is the amount of Sales Tax Payable on his books at the end of February?

Option 1: $1,450

Option 2: $2,582

Option 3: $2,650

Option 4: $21,450

Reference no: EM132828468

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