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Given the following tax structure: Taxpayer Salary Total tax Mae $ 14,000 $ 1,260 Pedro $ 52,000 ??? Required: What is the minimum tax that
Given the following tax structure: Taxpayer Salary Total tax Mae $ 14,000 $ 1,260 Pedro $ 52,000 ??? Required: What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? Note: Round your final answer to nearest whole dollar amount. This would result in what type of tax rate structure?
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