Question

please show work !! the secound piture it just the marginal tax rat

Given the following tax structure, what minimum tax would need to be assessed on Shamelka to make the tax progressive with respect to average tax rates? Muni-Bond Total Taxpayer Salary Interest Tax Mihwah $11,500 $ 7,000 $ 483 Shameika $54,500 $ 26,000 ??? Minimum tax

Answer 1

Muni Average Tax Rate Bond Тахраyer Salary Total Tax interest $11,500 $ 7,000 S Shameika $54,500 $ 26,000 |$ 2,289 Mihwah 483 4.20% Average Tax Rate of Mihwah = Total Tax / Taxable Income = $483 / $11,500 = 4.2% Similarly on a tax rate of 4.20%, Shameika income tax would be $2,289 (4.2% of $ 54,500) So minimum tax to be assessed on Shameika is $2,289 to make the tax progressive Note: For remaining questions, please post them separately.