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People earning $35,000 pay 10 percent tax, while people earning $100,000 pay 30 percent tax.
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Earn +20 ptsQ: Which of the following would be a progressive tax?
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Continue Learning about Other Math
The Laffer curve predicts the effects of changes in the tax rate on which of the following?
tax revenues
What is 4.99 plus tax if the tax rate is 0.07?
The tax would be about $0.35, so the total would be $5.34.
If it is 26.99 plus tax how much would it be?
That depends what the level of tax is. If the tax is 5%, then you would multiply 26.99 by .05 ; this will give you the amount of the tax imposed. You would then add the tax plus your original purchase price to equal your total. ($28.34) If the tax is 9%, you would multiply 26.99 by .09 and so on. ($29.42)
How much is 54.99 plus tax?
Well if you're using 6% tax, it would be 58.2894, but if you're using 7% tax, it would be 58.8393
How much is the sales tax on 19.50 worth of goods if the tax rate is 7?
The sales tax is $1.365. Assuming it is rounded up, the tax would equal $1.37 and the total cost would be $20.87.
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