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.
Correct Answer:
Verified
Q182: Sales taxes are considered to be:
A)an unfair
Q194: If the government follows an income tax
Q196: Payroll taxes are considered to be:
A.proportional.
B.progressive.
C.degressive.
D.regressive.
Q197: The _ tax rate on income represents
Q198: The structure of the U.S.federal income tax
Q199: Sales taxes are considered to be:
A) proportional.
B)
Q199: The evidence suggests that taken collectively,taxes in
Q199: (Table: Taxes, Spending, and Income) Suppose Governor
Q201: Figure: Tax Incidence Q202: Figure: Tax Incidence
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