Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Bonus Chapter A - Working within the Legal Environment - Developing Workplace Skills - Page A-22: 4

Answer

This answer will vary depending on the state the person that answers the question lives in. For example, students in Wyoming would answer that they do not pay income tax. Wyoming charges a 9.5% property tax on all commercial properties and a 4% sales tax. Colorado, which neighbors Wyoming, has a 4.63% state income tax. It also charges around 1% for property taxes and 2.9% for sales tax.

Work Step by Step

This answer will vary depending on the state the person that answers the question lives in. For example, students in Wyoming would answer that they do not pay income tax. Wyoming charges a 9.5% property tax on all commercial properties and a 4% sales tax. Colorado, which neighbors Wyoming, has a 4.63% state income tax. It also charges around 1% for property taxes and 2.9% for sales tax.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.