Given the following tax structure, what minimum tax would need to be assessed on Shameika to make
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Question:
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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