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3 points Use the following tax struchire to anywer Part 1 sad Part 2. Taxpayer Taxable Income Total Tex Chandler $50,000 $25.000 Monies $60,000 $25,000

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3 points Use the following tax struchire to anywer Part 1 sad Part 2. Taxpayer Taxable Income Total Tex Chandler $50,000 $25.000 Monies $60,000 $25,000 Phoebe $35,000 $15,000 Jory $35.000 17 Rachel $60,000 $15,000 Rois 550.000 $25,000 Rachel and Monica agree that a tax system should be fair in the sense that it should have vertical equity. However, while Rachel thinks that vertical equity should be assessed in terms of the tax dollars paid by taxpayers, Monica thinks it should be assessed based on the tax rate applied to taxpayers. Ignoring the potential amount of tax Joey pays in the tax structure above, who is likely to think the tax structure above is fair in terms of vertical equity? (3 points) a Monica Both Rachel and Monica O Rachel Neither Rachel or Monica. Both will assess that the tax systern above does not have vertical equity Use the following tax structure to answer Part 1 and Part 2. Taxable Income Total Tax Taxpayer Chandler Monica $80,000 $25,000 $60,000 $25,000 Phoebe $35.000 $25,000 Joey $35.000 2 Rachel $60,000 $25,000 Rass $80,000 $25,000 For this system to be fair in terms of horizontal equity, how much tax should the tax system require Joey to pay? (3 points) O a $10,000 0 6.50 Oc$15,000 Od $25,000 OeNone of the answers given here 3 points Use the following tax struchire to anywer Part 1 sad Part 2. Taxpayer Taxable Income Total Tex Chandler $50,000 $25.000 Monies $60,000 $25,000 Phoebe $35,000 $15,000 Jory $35.000 17 Rachel $60,000 $15,000 Rois 550.000 $25,000 Rachel and Monica agree that a tax system should be fair in the sense that it should have vertical equity. However, while Rachel thinks that vertical equity should be assessed in terms of the tax dollars paid by taxpayers, Monica thinks it should be assessed based on the tax rate applied to taxpayers. Ignoring the potential amount of tax Joey pays in the tax structure above, who is likely to think the tax structure above is fair in terms of vertical equity? (3 points) a Monica Both Rachel and Monica O Rachel Neither Rachel or Monica. Both will assess that the tax systern above does not have vertical equity Use the following tax structure to answer Part 1 and Part 2. Taxable Income Total Tax Taxpayer Chandler Monica $80,000 $25,000 $60,000 $25,000 Phoebe $35.000 $25,000 Joey $35.000 2 Rachel $60,000 $25,000 Rass $80,000 $25,000 For this system to be fair in terms of horizontal equity, how much tax should the tax system require Joey to pay? (3 points) O a $10,000 0 6.50 Oc$15,000 Od $25,000 OeNone of the answers given here

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