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Is Jurisdiction Zs excise tax vertically equitable? Jurisdiction Z levies an excise tax on retail purchases of jewelry and watches. The tax equals 3 percent

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedIs Jurisdiction Zs excise tax vertically equitable?

Jurisdiction Z levies an excise tax on retail purchases of jewelry and watches. The tax equals 3 percent of the first $1,000 of the purchase price plus 1 percent of the purchase price in excess of $1,000. Required A Individual C purchases a watch for $130. Compute C's excise tax and average excise tax rate. (Do not round your intermediate computations. Round your percentage answer to 1 decimal place and your other answer to the nearest whole dollar amount.) Individual C Excise tax Average excise tax rate % Required B Individual D purchases a watch for $2,220. Compute D's excise tax and average excise tax rate. (Do not round your intermediate computations. Round your percentage answer to 1 decimal place and your other answer to the nearest whole dollar amount.) Individual D Excise tax Average excise tax rate % Required C Is Jurisdiction Z's excise tax vertically equitable OYes ONO

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