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1 Dec 2022
1. How much should Glenn's receipt list in the MA Tax line?
2. What will Glenn's total bill be as a result of adding the appropriate sales tax?
3. What percent of Glenn's total bill is sales tax?
4. In 2019, the median household income for Massachusetts was $85,843 per 
, which amounts to $7,154 per month, or $ 3577 per paycheck if paid twice per month. If Glenn's family has the median household income, what percent of his recent paycheck went toward sales tax on this purchase?
5. While the median income is nearly $ 90,000, a very large percent of MA households actually make closer to $35,000 per year, which amounts to $1458 per pay period. If that were Glenn's recent paycheck, what percent of his pay would go to paying sales tax for this trip to All-You-Need?
6. While income taxes scale differently based on how much you earn, sales tax rates are charged to consumers regardless of how much income their household has. Explain how this sales tax system impacts the personal finances of households differently.
1. How much should Glenn's receipt list in the MA Tax line?
2. What will Glenn's total bill be as a result of adding the appropriate sales tax?
3. What percent of Glenn's total bill is sales tax?
4. In 2019, the median household income for Massachusetts was $85,843 per , which amounts to $7,154 per month, or $ 3577 per paycheck if paid twice per month. If Glenn's family has the median household income, what percent of his recent paycheck went toward sales tax on this purchase?
, which amounts to $7,154 per month, or $ 3577 per paycheck if paid twice per month. If Glenn's family has the median household income, what percent of his recent paycheck went toward sales tax on this purchase?5. While the median income is nearly $ 90,000, a very large percent of MA households actually make closer to $35,000 per year, which amounts to $1458 per pay period. If that were Glenn's recent paycheck, what percent of his pay would go to paying sales tax for this trip to All-You-Need?
6. While income taxes scale differently based on how much you earn, sales tax rates are charged to consumers regardless of how much income their household has. Explain how this sales tax system impacts the personal finances of households differently.
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