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Problem 1-52 (LO 1-5) (Algo) Given the following tax structure: Taxpayer Salary Total tax Mae $ 23,000 $ 1,035 Pedro $ 44,000 ??? Required: What

Problem 1-52 (LO 1-5) (Algo)

Given the following tax structure:

Taxpayer Salary Total tax
Mae $ 23,000 $ 1,035
Pedro $ 44,000 ???

Required:

  1. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid?

Note: Round your final answer to nearest whole dollar amount.

  1. This would result in what type of tax rate structure?
image text in transcribedimage text in transcribed Minimum tax Tax rate structure

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