The retail sales tax rate in regressiveland is 6 use this, Ask an Expert

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The retail sales tax rate in Regressiveland is 6%. Use this information for the next four questions.

a) If you earn $35,000 per year and spend your entire income each year, how much will you pay in sales taxes? Round your answer to the nearest whole dollar.

b) Using your answer from the previous question, what is your effective tax rate? Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91794954

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