Question
Given the following tax structure, Taxpayer Salary Total Tax Mae $ 26,000 $ 1,430 Pedro $ 32,000 ??? a. What is the minimum tax that
Given the following tax structure,
| Taxpayer | Salary | Total Tax | ||
| Mae | $ | 26,000 | $ | 1,430 |
| Pedro | $ | 32,000 | ??? | |
|
| ||||
a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid?
b. This would result in what type of tax rate structure?
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Loose Leaf For Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th Edition
1260151980, 978-1260151985
