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Answer to Question #65277 in Economics of Enterprise for Jefferson
Question #65277
Assuming an 8 percent sale tax is levied on all consumption, complete the following table:
Income | consumption | sale tax | Percentage of Income Paid in Taxes
10,000 $11,000
20,000 $20,000
40,000 $36,000
80,000 $60,000
Income | consumption | sale tax | Percentage of Income Paid in Taxes
10,000 $11,000
20,000 $20,000
40,000 $36,000
80,000 $60,000
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