Given the following tax structure:TaxpayerMaePedroSalary$ 42,000$ 66,000Total tax$ 1,680???a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? (Roundyour final answer to nearest whole dollar amount.)

First, we need to calculate the tax rate that Mae is paying. This is done by dividing the total tax…

Answered: Given the following tax structure:…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 43P

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Given the following tax structure: Taxpayer Mae Pedro Salary $ 42,000 $ 66,000 Total tax $ 1,680 ??? 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.)