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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 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?
Note: Round percentages to 1 decimal place. Round your final answer to nearest whole dollar amount.
Taxpayer. Salary. Muni-Bond Interest Total Tax
Mihwah. $ 15,000. $ 15,000. $ 1,050
Shameika. $ 55,000 $ 32,500. ???
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? Note: Round percentages to 1 decimal place. Round your final answer to nearest whole dollar amount. Answer is complete but not entirely correct
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