Income Consumption Sales Tax$10,000 $11,00020,00020,00040,00080,00036,00060,000b. This sales tax isO proportional.O regressive.O progressive.Percentage ofIncome Paid inTaxes Complete the following table and answer one question.a. Assuming an 8 percent sales tax is levied on all consumption, complete the following table:

A consumption tax imposed by a government on the sale of goods and services is termed a sales tax.…

Answered: Income Consumption Sales Tax $10,000…

Income Consumption Sales Tax $10,000 $11,000 20,000 20,000 36,000 60,000 40,000 80,000 b. This sales tax is proportional. O O regressive. O progressive. Percentage of Income Paid in Taxes

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.10P

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Question

Income Consumption Sales Tax
$10,000 $11,000
20,000
20,000
40,000
80,000
36,000
60,000
b. This sales tax is
O proportional.
O regressive.
O progressive.
Percentage of
Income Paid in
Taxes

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