Question
Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to effective tax
Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to effective tax rates?(Round your final answer to nearest whole dollar amount.)
Taxpayer Salary Muni-Bond Interest Total Tax
Mihwah $13,000 $13,000 $858
Shameika $53,000 $31,500 ???
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
