Question: 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 | $ 21,000 | $ 21,000 | $ 1,722 |
| Shameika | $ 61,000 | $ 35,500 | ??? |
Given the following tax structure:
| Taxpayer | Salary | Total tax |
|---|---|---|
| Mae | $ 14,000 | $ 1,260 |
| Pedro | $ 52,000 | ??? |
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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