(Table: Taxes, Spending, and Income) Look at the table Taxes, Spending, and Income.Suppose Governor Meridias decides to initiate a state-level sales tax of 5% on all sales.The table shows how household spending varies with household income.A poor household will spend of its annual income on the sales tax, while a wealthy household will spend
________ of its annual income.
A.4.5%; 4%
B.5%; 5%
C.5%; 3.5%
D.3.5%; 4.5%
Correct Answer:
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