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Business, 11.02.2020 18:10 JaneciaMoss4490

Mr. Johnson earns $100,000 per year. Each year he spends $70,000 and saves $30,000. He pays a 5 percent sales tax on all of his spending. Assuming this is the only tax he pays, his average tax rate out of his income is:
3.5 percent.
2.5 percent.
1.5 percent.
5.0 percent.

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Mr. Johnson earns $100,000 per year. Each year he spends $70,000 and saves $30,000. He pays a 5 perc...
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