A sales tax is a type of

Correct Answer: regressive

Explanation:

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.


 


For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.


Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion