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 make the tax progressive with re

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Answer 1

Answer #1

Calculation of tax rate of Mihwah,

682/(11,000 + 11,000) * 100 = 3.1%.

Applying the rate 0f 3.1% on Shameika,

= (51,000 + 30,500) * 3.1% = 2,526.5.

With regard to the progressive tax rate, Shameika should have to pay more than 2,526.5 but not less than that, as the question is asking for minimum tax the answer is 2,526.5

Shameika should pay more that 2,526.5 if the tax rates are progressive.

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Answer 2

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