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Eli Has Annual Earnings of $100,000 and Molly Has Annual

Question 197

Essay

Eli has annual earnings of $100,000 and Molly has annual earnings of $50,000.Each consumer goes to the mall and purchases a microwave oven at a price of $100 and each pays an additional 7%, or $7, in sales tax to the state.This sales tax is an example of:
A.a regressive tax.
B.a wealth tax.
C.a progressive tax.
D.a property tax.

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