Given the following tax structure, Taxpayer Salary Mae $21,500 Pedro $ 46,000 Total tax $1,032 ???...

Question

Question

Given the following tax structure, Taxpayer Salary Mae $21,500 Pedro $ 46,000 Total tax $1,032 ??? a. What is the minimum tax

Answer 1

Answer #1

a
Tax rate for Mae	4.80%	=1032/21500

Total income for Pedro	46000
X Tax rate for Mae	4.80%
Tax based on tax rate for Mae	2208

Pedro must pay greater than $2208 to make tax rate vertically equitable.

Minimum tax

2209

b

This would result in a progressive tax structure

Answer 2

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