Question: Problem 1-52 (LO 1-5) (Algo) Given the following tax structure: Taxpayer Salary Total tax Mae $ 23,000 $ 1,035 Pedro $ 44,000 ??? Required: What

Problem 1-52 (LO 1-5) (Algo)

Given the following tax structure:

Taxpayer Salary Total tax
Mae $ 23,000 $ 1,035
Pedro $ 44,000 ???

Required:

  1. 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.

  1. This would result in what type of tax rate structure?
Problem 1-52 (LO 1-5) (Algo) Given the following tax structure: Taxpayer SalaryTotal tax Mae $ 23,000 $ 1,035 Pedro $ 44,000 ??? Required:

Minimum tax Tax rate structure

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