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Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax
Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates?
| Taxpayer | Salary | Muni-Bond Interest | Total Tax | |||
| Mihwah | $ | 10,000 | $ | 10,000 | $ | 600 |
| Shameika | $ | 50,000 | $ | 30,000 | ??? | |
| minimum tax= |
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
10th edition
78025664, 978-0078025662
