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This yoar, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase, the volume

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This yoar, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase, the volume of taxable sales declined from $890m iltion to $759 million, In contrast, State Z ralsed revenues from its 5 percent sales tax by expanding the tax base to include certain retail services. The volume of services subject to tax was $145 million. Required: a. Compute the additional revenue ralsed by State A b. Compute the additional revenue faised by State Z. Complete this question by entering your answers in the tabs below. Compute the additional revenue ralsed by State A. Notei Enter your answers in dollars not in milions of doitara. This year, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase, the volume of taxabie sales declinad from $890 million to $759 million. In contrast, State Z raised revenues from its 5 percent sales tax by expanding the tax base to include certain retail services. The volume of services subject to tax was $145 million. Required: a. Compute the additional revenue raised by State A b. Compute the additional revenue raised by State Z. Complete this question by entering your answers in the tabs below. Compute the additional revenue raised by state z. kotel enter your answers in dollars not in millions of doliars

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