Question: Given the following tax structure: Required: a . What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based
Given the following tax structure:
Required:
a 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.
b This would result in what type of tax rate structure?
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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.
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