Answer is $1,640
In order to make the tax horizontally equitable person having same income should be paying same taxes. In the given case Income of Mae and Venita is same $ 20,500. To make it horizontally equitable same tax of $ 1,640 should be paid. Hence the answer is $ 1,640.
Therefore Venita should pay tax of $1,640
- Goog pada Given the ce book wit h wind bructure. The he ad Chapter 1...
7 Problem 1-51 (LO 1-5) (Algo) Given the following tax structure, Skipped Book Taxpayer Mae Pedro Venita Salary Total Tax $12,000 $ 552 $24,000 $1,464 $12,000 222 Ask Print References What tax would need to be assessed on Venita to make the tax horizontally equitable? Tax
Chapter 1 homework Given the following tax structure, Taxpayer Mae Pedro Salary $ 12,500 $ 51,500 Total Tax $ 850 ??? 2.5 points 8. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid? Skipped Minimum tax eBook References b. This would result in what type of tax rate structure? Tax rate structure