I did 51500/6.8% =3502 and still got it wrong for the minimum tax
Minimum tax |
$851 |
To make vertically equitable in terms of the amount of tax paid, Pedro should pay more in tax dollars compared to Mae as he has more taxable income than her. Thus Pedro is required to pay only the $1 more dollar in tax than Mae.
I did 51500/6.8% =3502 and still got it wrong for the minimum tax Given the following...
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