Question 10 True or False: No matter if you earn 100,000 or 1,000 a year you will still pay the same sales tax on a product. a True b False

The correct answer is b) False.<br /><br />Sales tax is typically a percentage of the price of a product, and it is usually the same rate for all consumers regardless of their income level. However, the amount of sales tax paid on a product will depend on the price of the product, not the income of the person purchasing it. So, if the price of the product is the same, the amount of sales tax paid will be the same, regardless of whether the person earning $\$ 100,000$ or $\$ 1,000$ is purchasing it.