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Business, 07.04.2020 21:40 marshallmattah
The state of illinois has a sales tax of 6.25%. susie earns $26,000 per year as a hair stylist and jimmy earns $72,000 per year as a public accountant. both spend a total of $3800 per year on clothing. what % does susie pay on the tax on the clothing? and what type of tax is this called?
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Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.
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The state of illinois has a sales tax of 6.25%. susie earns $26,000 per year as a hair stylist and j...
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