Given the following tax structure, what minimum tax would need to be assessed on Shameika to...
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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 rates? Muni-Bond Total Taxpayer Mihwah Salary $15,500 $ 5,750 Interest Таx $ 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 Мае $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 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 Таx $ 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 Мае $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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Answer rating: 100% (QA)
Answer Part 1 Average Tax rate Total Tax Taxable income 8681550... View the full answer
Related Book For
Essentials of Federal Taxation 2019
ISBN: 9781260190045
10th edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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