The sales tax in the state is 7 percent. based on that rate and the data below, who has the higher tax burden? annual income alex $20,000 beatrice $190,000 julio $80,000 roberta $60,000 alex beatrice julio roberta
The Sales Tax In The State Is 7 Percent. Based On That Rate And The Data Below, Who Has The Higher Tax Burden? Annual Income Alex $20,000 Beatrice $190,000 Julio $80,000 Roberta $60,000 Alex Beatrice Julio Roberta
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The Sales Tax In The State Is 7 Percent. Based On That Rate And The Data Below, Who Has The Higher Tax Burden? Annual Income Alex $20,000 Beatrice $190,000 Julio $80,000 Roberta $60,000 Alex Beatrice Julio Roberta. Sales tax is a consumption tax, meaning it is based on what you spend, not what you earn. Therefore, without information on how much each person spends, we cannot determine who.
2022 Sales Tax Rates State & Local Sales Tax by State Tax Foundation from taxfoundation.org
Therefore, without information on how much each person spends, we cannot determine who. Beatrice has higher tax burden. The sales tax in the state is 7 percent.
Then The Correct Option Is B.
This tax, therefore, if viewed as tax on income, has the reverse effect of the. Here’s the best way to solve it. Therefore, without information on how much each person spends, we cannot determine who.
California Has A Sales Tax Rate Of 7.25%.
Beatrice has higher tax burden. One state adds a 7 percent sales tax to the price of most products purchased within its jurisdiction. To determine who has the higher tax.
The Quantity Of Anything Is Stated As Though It Were A Fraction Of A Hundred.
Based on that rate, who has the higher tax burden? Julio's tax burden is $4,200. The sales tax in the state is 7 percent.
Since The Tax Rate Is 7 Percent, We Can Calculate The Tax Burden For Each Individual Based On Their Annual Income.
To determine who has the higher tax burden among alex, beatrice, julio, and roberta given a sales tax of 7%, we can start by calculating the sales tax each person would. The sales tax in the state is 7 percent. Tax burden for julio = 0.07 * $60,000 = $4,200.
Based On That Rate And The Data Below, Who Has The Higher Tax Burden?
The sales tax in the state is 7 percent. Sales tax is a consumption tax, meaning it is based on what you spend, not what you earn. Based on the information provided, the following states have a sales tax rate of 7%:
