Question
Given the following tax structure, Taxpayer Salary Total Tax Mae $ 44,500 $ 3,738 Pedro $ 68,500 ??? a. What is the minimum tax that
Given the following tax structure,
| Taxpayer | Salary | Total Tax | ||
| Mae | $ | 44,500 | $ | 3,738 |
| Pedro | $ | 68,500 | ??? | |
|
| ||||
a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? (Round your final answer to nearest whole dollar amount.)
b. This would result in what type of tax rate structure?
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The Underground Credit Builders Handbook What You Need To Know To Build Personal And Business Credit Successfully
Authors: Fourth Dimension
1st Edition
0998060909, 978-0998060903
