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Your Answer
A
B
C
D
E
Global Stats
To boost sales around holidays, the government of the fictional country of Capitalitamia dictates that a citizen may purchase goods up to a total value of \(\$1,000\) tax-free but must pay a \(7\%\) tax on the portion of the total value in excess of \(\$1,000.\) How much tax must be paid by a citizen who purchases goods with a total value of \(\$1,220?\)
A. \(\$14.00\)
B. \(\$15.40\)
C. \(\$54.60\)
D. \(\$70.00\)
E. \(\$87.40\)
The OA is B
A. \(\$14.00\)
B. \(\$15.40\)
C. \(\$54.60\)
D. \(\$70.00\)
E. \(\$87.40\)
The OA is B
