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Given the following tax structure:TaxpayerSalaryTotal taxMae$ 23,000$ 1,035Pedro$ 44,000???Required: What is the minimum tax that...

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Question

Accounting

Given the following tax structure:

TaxpayerSalaryTotal taxMae$ 23,000$ 1,035Pedro$ 44,000???

Required:

  1. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid?

Answer & Explanation Solved by verified expert
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