Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to effective tax rates? Note: Round percentages to 1 decimal place. Round your final answer to nearest whole dollar amount. Taxpayer Mihwah Shameika Salary $ 14,000 $ 54,000 Muni-Bond Interest Total Tax $ 14,000 $ 952 $ 32,000 ??? Minimum tax $ 2,924
Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to effective tax rates? Note: Round percentages to 1 decimal place. Round your final answer to nearest whole dollar amount. Taxpayer Mihwah Shameika Salary $ 14,000 $ 54,000 Muni-Bond Interest Total Tax $ 14,000 $ 952 $ 32,000 ??? Minimum tax $ 2,924
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 6Q: What amount is payable to a state tax board if the original sales price is $3,000, and the tax rate...
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
Transcribed Image Text:Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with
respect to effective tax rates?
Note: Round percentages to 1 decimal place. Round your final answer to nearest whole dollar amount.
Taxpayer
Mihwah
Shameika
Salary
$ 14,000
$ 54,000
Muni-Bond
Interest
Total Tax
$ 14,000
$ 952
$ 32,000
???
Minimum tax
$
2,924
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