Given the following tax structure, what minimum tax would need to be assessed on Shameika to...

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Given the following tax structure, what minimum tax would need to be assessed on Shameika to...

Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates?

Taxpayer Salary Muni-bond interest Total Tax

Mihwah $13,500 $6250 $945

Shameika $60,500 $19500 ?????

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Answer 1

Answer #1

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Let me know in case any issue and query:

Shameika must pay more than $4235 tax (e.g., $4236) for the tax structure to be progressive with respect to average tax rates.

Answer is highlighted in yellow: Solutions Answer: Explanation: Average tax rate (945/13500) Average tax on Shameikas income

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Answer 2

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