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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
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? Muni-Bond Total Taxpayer Mihwah Salary $15,500 $ 5,750 Interest x $ 868 Shameika $66,500 $ 18,500 ??? 8 Answer is complete but not entirely correct. Minimum tax 3,724 Given the following tax structure, Taxpayer Salary Total Tax $ 42,000 $66,000 $1,680 Pedro ??? a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? (Round your final answer to nearest whole dollar amount.) Answer is complete but not entirely correct. Minimum $ 25,923 tax b. This would result in what type of tax rate structure? Answer is complete and correct. Tax rate Progressivet structure
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