Given the following tax structure: Taxpayer Salary Total tax Mae $30,000 $ 1,950 Pedro $ 37,000 ??? 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.)

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 22MCQ: Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income...
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Given the following tax structure: Taxpayer Salary Total tax Mae $30,000 $
1,950 Pedro $ 37,000 ??? 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.)
Transcribed Image Text:Given the following tax structure: Taxpayer Salary Total tax Mae $30,000 $ 1,950 Pedro $ 37,000 ??? 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.)
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