Given the following tax structure: Taxpayer Mae Salary $ 12,000 Total Tax $ 552 Pedro $ 24,000 $ 1,464 Venita $ 12,000 ??? What tax would need to be assessed on Venita to make the tax horizontally equitable?
Given the following tax structure: Taxpayer Mae Salary $ 12,000 Total Tax $ 552 Pedro $ 24,000 $ 1,464 Venita $ 12,000 ??? What tax would need to be assessed on Venita to make the tax horizontally equitable?
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 2DQ
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Transcribed Image Text:Given the following tax structure:
Taxpayer
Mae
Salary
$ 12,000
Total Tax
$ 552
Pedro
$ 24,000
$ 1,464
Venita
$ 12,000
???
What tax would need to be assessed on Venita to make the tax horizontally equitable?
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