Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates? Taxpayer Salary Muni-Bond Interest Total Tax Mihwah $ 20,500 $ 6,150 $ 1,558 Shameika $ 81,500 $ 19,250 ???

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 18Q: What are the tax rates for FICA Social Security and FICA Medicare? What are the maximum taxable...
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Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates?

Taxpayer Salary Muni-Bond Interest Total Tax
Mihwah $ 20,500 $ 6,150 $ 1,558
Shameika $ 81,500 $ 19,250 ???

 

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