Refer to the tax structure below for the following questions. Taxpayer Jennifer John Harriott Salary rate?...

 

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Refer to the tax structure below for the following questions. Taxpayer Jennifer John Harriott Salary rate? 40,000 20,000 40,000 Total Tax $4,500 $4,500 ??? Use the following format for your answers to questions 1-3: $1,234 1. What amount of tax would need to be assessed on Harriott to make the tax horizontally equitable? 2. Based on your answer in question #1, what is the maximum tax that John should pay (rounded to the nearest dollar) to make the tax structure vertically equitable based on Jennifer's/Harriott's tax 3. Based on your answer in question #1, what is the maximum tax that John should pay to make the tax structure vertically equitable based on Jennifer's/Harriott's tax paid? 4. If the structure is horizontally equitable with respect to Jennifer and Harriott (see question #1), what type of tax system is it (e.g.. proportional, progressive or regressive)? Refer to the tax structure below for the following questions. Taxpayer Jennifer John Harriott Salary rate? 40,000 20,000 40,000 Total Tax $4,500 $4,500 ??? Use the following format for your answers to questions 1-3: $1,234 1. What amount of tax would need to be assessed on Harriott to make the tax horizontally equitable? 2. Based on your answer in question #1, what is the maximum tax that John should pay (rounded to the nearest dollar) to make the tax structure vertically equitable based on Jennifer's/Harriott's tax 3. Based on your answer in question #1, what is the maximum tax that John should pay to make the tax structure vertically equitable based on Jennifer's/Harriott's tax paid? 4. If the structure is horizontally equitable with respect to Jennifer and Harriott (see question #1), what type of tax system is it (e.g.. proportional, progressive or regressive)?