________ taxes are paid by a buyer as a percentage of the market price of an item.

Name: ________ taxes are paid by a buyer as a percentage of the market price of an item.
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Question

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Sales taxes are paid by buyers as a percentage of the market price of an item. This tax is typically imposed by state and local governments on goods and services sold within their jurisdictions. The rate of sales tax can vary depending on the location and type of product or service being sold.

________ Taxes Are Paid by a Buyer as a Percentage