Monday

January 26, 2015

January 26, 2015

Posted by **sheela** on Monday, January 29, 2007 at 8:25pm.

$10,000 $10,000

20,000 18,000

50,000 35,000

100,000 60,000

If a sales tax of ten percent is levied on all purchases, calculate

A. amoust of sales tax paid at each income level and

B. the fraction f income paid in taxes at each income level

Let X be pre-tax spending. For a total spending of 10000 = 1.1*X. Solve for X. X=9090.90 Meaning sales tax must be 909.1. Repeat for all other total spending levels.

**Answer this Question**

**Related Questions**

accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...

healthcare fiancare - HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6% X $1,000,...

computer subject - SPECS:construct a flowchart that shall producethe ...

Economics - The marginal tax rate is defined as the extra taxes paid on ...

Math - Would 72,060,964,765 look like the following in it's expanded form? 7X 10...

finance after tax profit margin - The ABC Corp. had net income before taxes of $...

Economics - Given the following information calculate the Marginal Revenues. I ...

finance (net income) - If a firm has a break-even point of 20,000 units and the ...

please help - . If Healthy Foods has an annual interest expense of $10,000, ...

Math - What is the percent increase in the population for all six inhabited ...