About how much of the tax is paid by the sellers? (LO7) a) 80 cents d) 35 cents b) 65 cents e) 10 cents c) 50 cents

According to the initial exercise, the total tax paid consists of the following amounts: a) 80 cents b) 65 cents c) 50 cents d) 35 cents e) 10 cents

Using the assumption that both buyers and sellers pay 50% of the total tax, you can calculate the sellers' share for each amount: a) Sellers' share = 50% of 80 cents = \(0.5*0.80 = $0.4\) or 40 cents b) Sellers' share = 50% of 65 cents = \(0.5*0.65 = $0.325\) or 32.5 cents c) Sellers' share = 50% of 50 cents = \(0.5*0.50 = $0.25\) or 25 cents d) Sellers' share = 50% of 35 cents = \(0.5*0.35 = $0.175\) or 17.5 cents e) Sellers' share = 50% of 10 cents = \(0.5*0.10 = $0.05\) or 5 cents As stated earlier, this solution is based on an assumption of equal distribution of tax burden between buyers and sellers, which may not be accurate for the given exercise. Without the proper information about tax burden distribution, we cannot provide a correct answer to the original question.