Given the following tax structure: Taxpayer Salary Total tax Mae $ 25,000 $ 1,550 Pedro $ 34,500
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Question:
Given the following tax structure:
Taxpayer | Salary | Total tax |
---|---|---|
Mae | $ 25,000 | $ 1,550 |
Pedro | $ 34,500 | ??? |
a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? (Round your final answer to nearest whole dollar amount.)
Minimum Tax=?
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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