es Given the following tax structure: Salary $ 10,000 $ 20,000 Taxpayer Mae Pedro a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? (Round your final answer to nearest whole dollar amount.) Minimum tax Total tax $ 600 ??? b. This would result in what type of tax rate structure? Tax rate structure Progressive 4

Q: Determine the following estimate without using a calculator. Then use a calculator to perform the…

A: The estimate of total cost is 60, by rounding to a whole number. The actual cost is 60.13  The…

Q: Julia Lee, filing status,  married, filing for 2  I was work 35 hourly rate $10 what is the gross…

A: Total work hour: 35  hour Hourly rate: $10 FICA: 6.2% Medicare: 1.45% 2%:3% NYC tax: 2%

Q: You own an a townhome with an assessed value of $184,400. The tax rate is $2.20 per $100 of assessed…

A:

Q: In USA there are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and…

A: (a) Create a Mathematical Model that represents the aforementioned information to calculate the…

Q: Problem 3 Lin's father is paying for a $20 meal. He has a 15%-off coupon for the meal. After the…

A: The detailed explanation is as below-

Q: David's income was $74,920.00 in 2014 and $76,193.64 in 2015. If the CPI was 123 in 2014 and 133.8…

A: First, we calculate the inflation till 2014 and 2015 since 2002 as follows…

Q: Part A:  Find the total federal income tax for a person earning $196,520 per year. Enter an exact…

A:

Q: Figure 2.3. Use this table with the question(s) below, as needed. PERSONAL EXEMPTIONS Single -…

A: Given   Total income of one year = $52000 Income tax rate =3% PERSONAL EXEMPTIONS Single : $2000…

Q: As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a…

A: Given Data: Let us consider the given  total market value of the property in the county is…

Q: Isabella is filing taxes. She lists her deductions as $5,200 for using her home as her business, a…

A: The objective of this question is to calculate Isabella's taxable income. This is done by…

Q: How much do you pay for a $32.25 item with 7% sales tax on it   ?   b)  Listed price of an item is…

A: We have to find prices for given data.

Q: As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a…

A: Given, Market value = $300000000 Assessment rate = 35% = 0.35 Tax rate = 30 mills Increases…

Q: QUESTION 1 Christine wishes to purchase yarn for a new knitting project The yarn she'd like to buy…

A:

Q: The average annual cost of living in Illinois, California, and Oregon are displayed in the table…

A: Given that the average cost of living in Illinois, California and Oregon is: State Average annual…

Q: Given: 12,000 shares cumulative preferred stock ($1.5 dividend per share): 24,000 shares common…

A: Given that - 12,000 shares cumulative preferred stock ($1.5 dividend per share): 24,000 shares…

Q: 50,45,40,35,30. Find a rule that describes the pattern

A: We have to find a rule that describes the above pattern.

Q: In 2011, Manitoba progressive income tax rates were 10.8% on the first $31,000, 12.75% on the next…

A: Given: Tax rate is 10.8% till $31000 Tax rate is 12.75% beyond $31000 till $36000 Tax rate is 17.4%…

Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%,…

A:

Q: What is the tax bill for a contractor if his shop has an assessed valuation of $75,000, and the tax…

A:

Q: Tim's gross pay is $1568. The amount of Social security deducted is 6.2% of gross pay. How much of…

A: Given that Tim's gross pay is $1568 and the amount of Social Security deducted is 6.2% of gross pay.

Q: Prorate the following expenses and find the corresponding monthly expense. Lan pays a semiannual…

A:

Q: Compute the gross income, adjusted gross income, and taxable income in the following situation. Use…

A: Total wages earned = $61800 Amount earned from Interest = $260 Therefore gross income =…

Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 5%,…

A:

Q: Use the combined wage bracket tables, Exhibit 9-3 and Exhibit 9-4, to solve. How much combined tax…

A: Given,A single employee earns per month and claims zero withholding allowances.Aim: To find the…

Q: A young entrepreneur is starting a landscape business in one of the most exclusive neighborhoods in…

A:

Q: 26. Cigarette Tax Rates The table shows the tax, in dollars, on a pack of cigarettes in each of the…

A: Arrange data in ascending order 0.17, 0.30, 0.36, 0.37, 0.425, 0.44, 0.45, 0.55, 0.57, 0.57, 0.60,…

Q: While visiting Boston you and your friends decide to rent bicycles to see more of the ental is…

A: NOTE: Refresh your page if you can't see any equations. . let x= number of hours here fixed cost is…

Q: Sara has an annual income of $70,000. Using the tax table If taxable But not income The tax is:…

A: Given that: Annual income = $70000

Q: Ms. Yamato’s gross pay is $2644. Her deductions total $548.30. What percent of her gross pay is…

A:

Q: A wholesaler sells a Mobile to the retailer at the price of RO 280. The retailer sells the mobile to…

A: Solution: Here The cost price of a mobile for the retailer is RO 280 The selling price of a mobile…

Q: Suzie get paid $150.00 per week helping at the pet store. If the store withholds 20% of Suzie's pay…

A: