25. Posner Co. is a retail store operating in a state with a…

25. Posner 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. Posner Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $754,350. What is the amount of sales taxes payable (to the nearest dollar) to the state for May?