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
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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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
