Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive respect to average tax rates? ok Taxpayer Mihwah Salary $ 18,000 Muni-Bond Interest $ 8,300 Shameika $ 74,000 $ 35,000 ht nces Minimum tax Total Tax $ 1,350 ???

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive
respect to average tax rates?
ok
Taxpayer
Mihwah
Salary
$ 18,000
Muni-Bond
Interest
$ 8,300
Shameika
$ 74,000
$ 35,000
ht
nces
Minimum tax
Total Tax
$ 1,350
???
Transcribed Image Text:Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive respect to average tax rates? ok Taxpayer Mihwah Salary $ 18,000 Muni-Bond Interest $ 8,300 Shameika $ 74,000 $ 35,000 ht nces Minimum tax Total Tax $ 1,350 ???
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