Use the following to answer questions:
-(Table: Taxes, Spending, and Income) Look at the table Taxes, Spending, and Income. Suppose Governor Meridias decides to initiate a state tax of 5% on all sales. 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%

Question

Use the following to answer questions: 
-(Table: Taxes, Spending, and Income) Look at the table Taxes, Spending, and Income. Suppose Governor Meridias decides to initiate a state tax of 5% on all sales. 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%

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-(Table: Taxes, Spending, and Income) Look at the table Taxes, Spending, and Income. Suppose Governor Meridias decides to initiate a state tax of 5% on all sales. 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%

Use the Following to Answer Questions