Answered

Tax Or No-Tax?
Tax is money you are required to pay to a local, state, or
national government.
Did you get the key phrase here? (You better get it: we're in test territory.) The
key word is "required." Taxes are mandatory.
Okay, now tell us which of the following scenes are
about a tax.
Please look at the questions again! Some of the answers are
incorrect.
Situation 1:
You buy a used bike from a store. The seller tries to get you to pay her ten
percent of the sales price to cover a warranty for the bike.
A tax.
No tax.
Situation 2:
You skip the doughnut at the quick market, and buy fruit instead. The fruit is
[tex]$2.00. The store charges you $[/tex]2.08



Answer :

GinnyAnswer

Final answer:

Taxes are crucial for funding essential services, and situations can help differentiate between taxes and non-tax transactions.


Explanation:

A tax is a required payment to a government, crucial for funding essential services. In Situation 1, the seller asking for money for a warranty on the bike is not a tax because it is optional and not mandated by the government. In Situation 2, the additional $0.08 charged by the store for the fruit is a tax known as a sales tax, where a percentage is added to the purchase price.


Learn more about Taxes here:

https://brainly.com/question/42243672


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