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
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
Best apk References website
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. Therefore, without information on how much each person spends, we cannot determine who. Julio's tax burden is $4,200.
Texas Federal Tax Rate 2025 Christine M. Steffensen from christinemsteffensen.pages.dev
Julio's tax burden is $4,200. Therefore, without information on how much each person spends, we cannot determine who. California has a sales tax rate of 7.25%.
California Has A Sales Tax Rate Of 7.25%.
The sales tax in the. Sales tax is a consumption tax, meaning it is based on what you spend, not what you earn. Then the correct option is b.
One State Adds A 7 Percent Sales Tax To The Price Of Most Products Purchased Within Its Jurisdiction.
Therefore, without information on how much each person spends, we cannot determine who. The quantity of anything is stated as though it were a fraction of a hundred. Tax burden for julio = 0.07 * $60,000 = $4,200.
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.
This tax, therefore, if viewed as tax on income, has the reverse effect of the. Julio's tax burden is $4,200. Based on the information provided, the following states have a sales tax rate of 7%:
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. Indiana has a sales tax rate of 7%. The sales tax in the state is 7 percent.
Based On That Rate, Who Has The Higher Tax Burden?