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matrenka [14]
3 years ago
12

Mark and Julia are two working individuals in their early 20s. They are each ready to furnish their first apartment after colleg

e and are excited to buy new televisions for their respective living rooms. Mark has saved money from his $25,000 annual salary to buy a new television, and Julia has saved money from her $100,000 annual salary for the same purpose. They both choose the same TV, which costs $1,000. Since they buy their TVs in the same town, they each pay 10 percent in sales tax, bringing the total cost for each TV to $1,100. Who feels a greater effect from the 10 percent sales tax, Mark or Julia? Why?
English
2 answers:
AysviL [449]3 years ago
6 0

Answer:Mark

Explanation:

This is because his annual salary is lower so he doesn’t have as much money to splurge.

Stolb23 [73]3 years ago
6 0

Answer:

While they both pay the same amount, the tax affects Mark more because he earns significantly less than Julia does.

Explanation:

edmentum/plato

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