Question: Fyi $1540 is not the right answer. Please help! Given the following tax structure: Taxpayer Salary Total tax Mae $ 10,500 $ 735 Pedro $
Fyi $1540 is not the right answer. Please help!
Given the following tax structure:
| Taxpayer | Salary | Total tax |
|---|---|---|
| Mae | $ 10,500 | $ 735 |
| Pedro | $ 22,000 | ??? |
Required:
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.
This would result in what type of tax rate structure?
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