Given the following tax structure
Taxpayer salary total tax
Mae 14,000 1260
Pedro. 52,000. ????
What is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid?
This would result in what type of tax rate structure? Regressive or Progressive?
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.